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WeGotCactus
Jan 29, 2016 4:08 AM

Bitcoin approaching critical support - long opportunity coming! Long

Bitcoin / U.S. dollarBitstamp

Description

Look for large volume coming in as price approaches 300-310. The red area is previous resistance turned likely support. It also coincides with the 61.8% retracement zone from the recent movement to 500. Bitcoin loves its retracements!

I'm just a hodler but if I were looking to add more, this is the zone I'd be waiting for -- with a target of around 800 (1.618 extension).
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