doremifasol

BTC - is the ride near the end?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Fib retracement may be moving toward a free fall. Hopefully some huge bulls get on stage and rock the Cashbah.

Up top there has been alot of support building, but between from 6500 - 11500 there is very little.
If the price first breaks the plotted bullish trendline, i believe we will see price actions down to 6500 or thereabout.

Fib retracement on a bigger chart (200 $ to 20k $) shows the red zone begins close to 6500, so kind of scary.

This is only for learning purposes, so if something seems wrong please correct.

Best Regards,

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