salmanijaz

Scary stuff on BTC

salmanijaz Updated   
BITSTAMP:BTCUSD   Bitcoin
This pullback is not a good news at all
It means we are going much down now
This retrace confirms the fibs shown in the chart which means we are one level short of the target

I will look for retrace from 0.7 fib

The alternate scenario was this But this does not happen

Look out for a much deeper correction

Best of luck
Comment:
As expected we are on our way :)
Comment:
Its really interesting to see how each fib level acts as the support and then become resistance :)
Comment:
Reached the target :)

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