JustFish

BTC test of 600 to come?

BITFINEX:BTCUSD   Bitcoin
After looking at the burst from 574 to 586 I readjusted my targets and I think we may test 600 in the next 12 hours. After a pull back we may take it out but think we wont get past 610. Its possible we will slowly descend just like the move around 19th July after we hit 633. After that move we slowly fell to 620 zone then eventually had the dramatic drop to which only stopped around 561. I think we'll probably see 510-490.
***update: if we do in fact tag the 608-610 zone then I am starting to think that this fractal pattern may deviate from the previous pattern and there may be strong possibility that we run higher. I'll be ready for both situations. Probably take profit in that 608-610 zone, then wait to see the price action***
***new possible bullish scenario posted***
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