AlphonsoElliottJr.

This is the moment we all been waiting for...Bullish? Maybe..

Short
BITFINEX:BTCUSD   Bitcoin
Well.. After 76 1 hr bars, better yet 3 1/2 days of being in the air, the bulls are really trying to hold on for this uptrend. While the retail value of Bitcoin is at an average of 7350, there has been a tug of war between the bears and bulls.. A new month candle has just begun and the bulls opened this month with a upmove.. But there is a lot of heavy resistance at $7400. I am definitely bearish down to $2500 with ultimate goal of 1100 per bitcoin. But recently we broke one trend line just to run into another hidden trendline and it is looking very BULLISH. Right now we are looking at a double duty trend line heading to the upside. The bears has one more trend line to break before heading south. There maybe a possible buy up to 7500 in the next coming hours which could be the market top. But an average of 7400 is right now a cap off. Lets go Bears!!!

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