ICFX

Reversal at yearly pivot expected

Long
BITSTAMP:BTCUSD   Bitcoin
As you price stopped at yearly pivot - as I predicted in my previous BTCUSD post a few weeks ago. Its also classic 50 percent Fib correction if you measure. 200 EMA is also there. Previously it broke through yearly camarilla breakout level R4 and pulled back to R3 as often is the case with Camarilla before the breakout continues. We should see a bullish move (impulsive 1-5 Elliott wave cycle) from yearly pivot. CMF shows bullish institutional accumulation and pullback to 0 area. If price would start bearish trend below Camarilla R3 - then it is likely to drop last year's close or all the way Camarilla S3.

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