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MoonTrader
Jul 7, 2014 4:34 PM

Bouncing around fibs 

Bitcoin / U.S. dollarBitstamp

Description

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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