BEI

BITCOIN UPDATE AND THE POWER OF FIBONACCI

MTGOX:BTCUSD   Bitcoin
3
This is a chart i posted not too long ago, advising to buy as soon as prices cross green box (50% FIBO)

Amazing how the targets were met at each step of the way and even where prices closed today's session : Fibonacci extension...you can see the extension drawn from previous posted charts
Some divergence here so i would recommend to wait until initiating any other long, shorts at this point is hard to tell without any confirmation

Cheers!
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