Hello again
due to numerous requests for the future direction of Bitcoin here is my current view for BTC/USD on the 4h chart.
I'm expecting a similar move to the one we experienced 2 months ago 
The prediction above was used as an indication of future price direction from $890, rather than waiting to short upon completion of the pattern at $1600.
I will be treating the present setup in the exact same way.
The 0.886 retracement for point B aligns with a bullish bat pattern and bullish reciprocal AB=CD
This provides additional validation for a reversal at 0.886 rather than the 0.786 retracement level.
There is a lot of speculation that BTC will drop to $1,000 due to it losing a further 13% in the last 24 hours, however, bitcoin has proved many credible analysts wrong time and time again, it will be interesting to see how this trade develops over the next month.