It is looking more and more like a retest or breach of the current bear market low south of 6K is in the cards.

…Key Statement:

Per my recent updates prior to this, two bearish downside targets have been captured. I have to be honest here, guys. I’m at the point at which I’m going to have to abandon my most bullish preferred count showing that BTC has already put in its bottom at an intermediate (4) wave base, and give preference to one of my more elongated bearish counts to this same regard instead. When this short-term oversold low is finally in place, wherever it may base, I will need to see a really strong impulsive rally to the upside in order to resume a preferential view of a newly established (4) wave base. Otherwise, I’ll be switching my preferred count to one of a far more elongated bearish persuasion, the prospects for which I illustrate clearly on my long-term monthly chart. This is as bullish as I can possibly remain over the intermediate term. (See the video for a full recap)

Short-Term	Bias	Target	Sup-1	Sup-2	Res-1	Res-2
4-Hour Chart	Bearish	“captured”	6,627.70	5,920.72	7,540	7,790

Medium-Term	Bias	Sup-1	Sup-2	Res-1	Res-2
Daily Chart	Bearish	6,427	5,920	8,120	9,173

Long-Term	Position Bias	Date	Price
Weekly Chart	Bearish	5-14-2018	8696.54

SECULAR	Bias	Low 2018	Target 2018
Monthly Chart	Bearish	5,920?	12,235 min / 37,419 max

…You Can’t Miss with Swiss-Chris!

Otherwise known as @famunger, Chris puts together a daily recap of all the top technical analysts across STEEMIT, and beyond. He does so in order to provide the community at large with the best possible forecasting guidance relative to the price of BITCOIN, and by default, the balance of the crypto-world at large.

In checking out @famunger’s daily recap, you simply can’t miss! His collective assessments of all the select analysts are akin to getting the very best snapshot of what the near and long-term future is likely to hold for those with a vested interest in BITCOIN and the multitude of coins, tokens, and alternative currencies that BITCOIN clearly paves the way for.

…BTC Update

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…Video Update

Select HD and “Full-Screen” for the utmost clarity in viewing this video update.

I trust that the preceding analysis and proof of work herein are generally objective, explicitly actionable and informative, and of relative and meaningful value for all those who perceive such analysis as a backstop to their individual ends.

Until next time,

Peace, Love, and Justice for All

In closing, I’d like to impart the following shout-outs to all of my fellow analysts here on the STEEMIT platform and beyond:

They are in no particular order:

• To Tone Vays for his incredible energy in producing a wide variety of valuable content along with his proprietary version of Tom DeMark’s sequential indicator.

• To @ew-and-patterns for inspiring me to get back into TA, and for his level of professionalism and balance in sharing his views with the community.

• To @lordoftruth for his always awesome graphics and his undeniable commitment to report on his latest sentiments with regard to the price of BTC.

• To @philakonesteemit for his honesty and in-depth look at market structure via order-books, short-term trading dynamics, EWT, and the like.

• To @haejin, despite the seemingly never-ending flag-wars associated with his account, he nonetheless imparts a measured assessment of BTC market dynamics relative to EWT theory that is worthy of consideration – in spite of anything else that might be going on with regard to the ongoing controversy surrounding “reward pool” dynamics.

DISCLAIMER: This post and all of the analysis contained herein serves general information purposes only. I am not a registered financial adviser. The material in this post does not constitute any trading or investment advice whatsoever. The trend-following strategies explained herein are for example only, and should not be construed as trading or investment advice in any way. The same thing goes for anyone subscribing to the Long-Term Trend Monitor. The subscription simply shares with subscribers what several automated trend-following systems are doing, and that’s all. The bullish and bearish alerts provided therein are for information purposes only, and they are not to be construed as advice to buy or sell. At the time of this writing, the author holds a small position in BITCOIN and several other crypto-currencies. Please conduct your own due diligence, and seek counsel from an accredited financial advisor before making any trading or investment decisions. Should you decide to mirror or copy any investment or trading examples from this or any other related source, the decision to do so is entirely your own - as are the inherent risks involved in doing so. I am not responsible for any of your losses. By reading this post, you acknowledge and accept to never hold me accountable for any financial losses. Thank you.