FiboSwanny
Long

Key Fib Support Still Holds For $BTC

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Internal indicators are signaling this to be a bearish move in a primary bullish market. ( ADX is slipping as the negative directional index rises with no crossover) and (the RSI remains in a bullish zone for the primary trend)

As long as this 61.8% golden ratio holds the pattern remains bullish . It will be a tough fight along this line.

Protective stops are placed. The red trend line becomes support if the 61.8% fib level breaks.

Thoughts?
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