richardthick

Bitcoin Retracement

BITSTAMP:BTCUSD   Bitcoin
Black Friday will be the real day to get cheap bitcoin. If we don't close above the 0.236 Fib level we will test the 0.382 level. I am looking for a long at 0.382 or a bounce off the blue trend line. Keep in mind, that's only a 20% retracement. There will be more blood to come the following days. 0.5 Fib level has the 50 day moving average as support too. This will be the lowest we will possibly go. I am looking to jump back in around $15500 at the Fib and trendline level. If you have been following my posts you know I was warning of this retracement for 2 weeks now.
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