cyberkristiyan

Bitcoin - deep correction

Short
cyberkristiyan Updated   
BITSTAMP:BTCEUR   Bitcoin / Euro
Possible deep correction to either 68 Fibonacci Arc or 68 Fibonacci retracement. The idea assumes a price of 2000 or 2500 euros in two to four weeks.
Comment:
Bitcoin touched the first support level at 2500 euros and is still in a downward trend. In 11 days it would either breakout or breakdown. More likely the latter. Retesting 2500 euros support without a doubt. Would gladly buy at about 2000 euros, too as falling that far down is possible depending on the news on mainstream media at the time.
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