BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
It has broken all time high and new targets are as follow according to Fib Extensions.

1st 1400$
2nd 1980$

The red arrow shows the possibility of stopping below 1400$ and bringing the panic sellers which bought higher than 1000$

Fundamentals:

Following weeks will start blowing the news of Kim and his promised Bitcache and Megaupload 2.0
that should drive the buying.

As always Be safe.

Comment: Found more S/R zones based on Fibonacci https://s3.amazonaws.com/tradingview/sna...

1152$
1582$

All these are possibilities for top
Trade closed: target reached: Top was first resistance 1152$

This is now dumping to 750s real hard.
Trade closed: target reached: This chart was real good. Almost perfect. Now looking to re-buy way lower..
Comment: 1989 could be the top on bitstamp. If it does retrace here, then 1400$ is expected at least.
yep pretty great chart! what area are you looking to buy back?
Reply
@TheOwl, anything below 1000$ will be lovely.
Reply
HAHA FAIL! it's a shame i wasn't able to above 1100 as i wanted.
Reply
rexlomax adolf512
I knew it was gonna drop to 890 bro, i said it: https://www.tradingview.com/chat/m/5b34901023b746f99fcc428ee241d879/
Reply
Nice analysis.
Let's meet at 1400$.
Good luck
+1 Reply
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