Time to reverse the gears on BTC, the Bears have come!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This is not a single impulse downside that i expect, but since harmonics dont give impulse waves, i wont comment on that, but i expect a reversal at 0.618DC which is the take profit zone for the cypher n a support... on the shorter term, i expect a small support to form at 8450 around, which is the 0.382DC of the cypher (not marked in the diagram..)...

This is a longer term projection idea, in conjunction with the following previous ones in the longer terms...

Disclaimer.. Not an investing/trading recommendation....
not a time dependent analysis


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