wightsparky

Bitcoin Weekly -Alternative Fibonacci Retracement.

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
981 0 0
Not being too happy with the way the retracement tool was calculating i turned to an old tried & trusted method of calculating the retracement.

The chart now indicates that support above $83.78 is crucial. Breaking that support level and and finding resistance against recovery will send the price down to the next level of support.
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