Looking at the weekly BTC chart, potential targets

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This is for my own reference. Looking at the weekly BTC shows us some pretty bearish indicators. RSI and MACD both need to close the weekly positive, else break critical support. If it does break downwards, fib targets are drawn. I included fib extensions to consider if the market recovers from the bear market any time soon (I believe it is still just getting started, so bullish year overall imo).
Comment: If 9300 was the bottom, check my other idea with fib targets with emphasis on the 7-10 week cycles we've been seeing for the past 12 months.


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