My Opinion about Bitcoin May 16th, 2018

Found Support at 8000-8100. We are fairly certain this is bottom. Double bottom on RSI , Macd About to snap bullish and Histo momentum Shift with STOCH Double bottom. Elliot Wave count is there to Confirm. Other wise we have support at 7700 if Whales want to play dirty.

Consensus Provided a really short term leg up. However sentiment has been struck bad this month and activated a bearish sentiment. The market will surely recover. However this is the current Situation. Unfortunately it turned most short term calls into mid-term. This is not a bad thing as we will profit for sure.

It is a game of patience right now, and not much we can do about it, We must accept we are not the market makers and act accordingly
In my opinion, the exit of the market is at 11,500. That is the critical point for BTC.