Bitcoin taking a long trend down to ~550 Short

BITSTAMP:BTCUSD60

Bitcoin / U.S. dollarBitstamp

Description

⋅ Jul 26, 2014 2:59 AM

1H CHART: Just another short closer look into bitcoin from my previous ~550 call.

Bitcoin (Cryptocurrency)

Comments

ChartArt

⋅ Jul 26, 2014 4:43 AM

The new move down happened exactly at the end of a ring of my Fibonacci circle:

tradingview.com/v/NMgu5XQG/

zcsniper

⋅ Jul 26, 2014 4:45 AM

As did mine :)

ChartArt

⋅ Jul 26, 2014 4:51 AM

Yes... Another pattern matched. Amazing!

P.S.
I initially only discovered the Fibonacci circle, because I wanted that my chart looks more fancy, to not only a draw a big arrow, like I did in my first public TradingView chart here:

tradingview.com/v/Oj5rjxsR/