themerkle
Long

Fib retracement shows potenial for bull run. Big players waiting

BITSTAMP:BTCUSD   Bitcoin / Dollar
130 0 1
Using a low of $198 and a high of $502 fib retracement shows possibility of retesting $430.
Big players are on the sidelines watching, big buy orders have disappeared but the bullish trend remained, as always proceed with caution.

Yesterday I posted how the mania is over and the market is looking to stabilize, today has been pretty stable except for the weak hand that dumped to $370.
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