BTC Fib Extension of 0.5 (162.87)

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
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The price is finding a resistance at 0.5 (162.87) of a fib extension if we ignore the SR thing. If the price goes over this resistance it could reach the next resistance at 166.
Sry, I fail to see a reason for you Fibonacci retracement to be anchored at 122$. Could you excplain?
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