MoonTrader

Bouncing around fibs

BITSTAMP:BTCUSD   Bitcoin / Dollar
625 0 1
This graph shows how the price lines up with fib retrace levels when you take the entire bull run into account from the low of ~$538.

At this point, the price has met the 38.2% fib retracement on low volume , indicating the bulls may be returning. I don't expect the price to go any lower than 610.

As always, I welcome any comments or input.
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