Another bottom, another bounce
Updated
This time it is looking like $5900 is going to be reached on BitFinex, and a testing of 6K again. Not too sure about this one since the general market attitude seems to be bearish, but may be worth a shot.
Note
Overall time-frame is between 24-72 hours on this one.Note
New target is 5870, but things are looking okish so far..Note
Still waiting, market is sure taking its time with this one..Note
We're in bear land for now, I still expect a bounce, but I wouldn't count on it happening as soon as I thought..Note
Get out for now if you're losses aren't heavy, my clouds are bearish on today's tick.. Wait till 5300 before reopening your positions.Note
Possible bottom at 5300, but my clouds are showing a downtrend still..Note
Wait till 5200, even if 5300 does end up being a bottom, right now my clouds are screaming sell..Note
Clouds adjusted, showing a possible bottom, neither strong sell nor buy...Note
Showing a slight downtrend.Note
Appears we've hit true bottom at 4800. You can try opening positions now or wait for some more confirmation.Note
Still waiting for that bounce, after all these panic sells it may take a while to get here..Note
Almost all the markets are bleeding right now, and BTC is no exception to this, while I still expect a rebound, i cannot say at what time it will occur.Trade cautiously.
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