BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Since price was able to close inside of the accumulation low (4hr), target remains accumulation high which is around 9335. Neckline has been broken of the Adam and Eve pattern. A retest of the neckline is consistent with a test of the accumulation high. Will ladder shorts in this vicinity. Measured move places bitcoin's target price around 7850 but I am anticipating much lower price action around next monthly support at 6920. I don't anticipate this support holding either. I place more emphasis on the 6400-4200 range. I am short term bullish , but mid term bearish . Also important to note here, there is a CME gap near 9250. Im filing this post under "long" based on my shorter term assessment, but overall BEAR

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