BITCOIN Double Fibonacci Short

Bitcoin / U.S. DollarMt.Gox

Description

⋅ Oct 30, 2013 6:17 AM

The negative break out from the rising wedge is obvious. Applying Fibonacci vertically, retracement fits in perfectly. By applying it also horizontally for the time frame, the forecast shows the next stop at the strong support at 188 USD/BTC.

Comments

jago25_98

⋅ Oct 31, 2013 6:07 PM

looks confirmed. will see.

jago25_98

⋅ Oct 31, 2013 6:07 PM

looks confirmed now. I went short at 215

zubcoin

⋅ Oct 30, 2013 2:47 PM

When do you see this happening?

vento

⋅ Oct 30, 2013 1:57 PM

I don't see it happening...sorry

jago25_98

⋅ Oct 30, 2013 4:36 PM

why not?

JohnGalt

⋅ Oct 30, 2013 7:06 PM

Are we discussing charts or feelings?