Previous Publication; Reversal to Upward Pressure This Weekend.

This implied DOWNWARD Pressure was to continue before we would see a REVERSAL to Upward Pressure this weekend. The 2-Day TF reveals we are very much nearing exhaustion this weekend and reversing to upward pressure. We came down to the lower boundary of this descending channel. That lower boundary was at the 0.5% FIB RT (Re-Trace) that's set to "log" scale on my "log scale" chart. Do NOT assume we must come down to the 0.618 FIB RT. If we did, we are looking at approximately $5,750 as the bottom. However, I'm seeing our recent low to likely be the bottom with my Purple 128-MA in the Weekly TF acting as support in a similar way it acted as support after our first major consolidation event that occurred AFTER our breakout with Sign of Strength at the end of 2015. This was shown in the video.

I'm about to do some preparation for a conference call at 10:30am Central Time. When I've completed my conference call, I will post a link to a LIVE Stream for more lengthy TA on Bitcoin and other pairs requested by those in the LIVE Stream.

Stay Awesome!

David