Another bottom, another bounce

已更新

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.

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Overall time-frame is between 24-72 hours on this one.

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New target is 5870, but things are looking okish so far..

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Still waiting, market is sure taking its time with this one..

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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..

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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.

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Possible bottom at 5300, but my clouds are showing a downtrend still..

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Wait till 5200, even if 5300 does end up being a bottom, right now my clouds are screaming sell..

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Clouds adjusted, showing a possible bottom, neither strong sell nor buy...

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Showing a slight downtrend.

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Appears we've hit true bottom at 4800. You can try opening positions now or wait for some more confirmation.

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Still waiting for that bounce, after all these panic sells it may take a while to get here..

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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.