02/09/2018 BTC/USD Bitfinex Long Term Analysis

*We still have some room to shoot for higher high, but overall I still think that we are in bear market.

*Make your own investment decision

*I would personally avoid taking any *short or bullish until we see clear direction in price movement.

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*$8000 will be the key pivot point. My recommendation is "DO NOT TAKE POSITION". Once we witness the break, then we can catch the bounce to short or long.

Falling below $7900-8000 will confirm my target price of 6500, then 5k. 3-4k may be imminent after. Congrats to those who shorted.