BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
580 3 4
First anchor is the highest point in 2014, second anchor needs to be moved so that the mid point of the circles is where the descending triangle breaks. Look how the fib circles perfectly align with previous highs. the radius might indicate a bottom at around 560. the downtrend would then slowly turn back into the longterm uptrend and there goes another rally up 2 da mun.
Very interesting indeed !
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Thanks for checking it out !
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I've never seen Fibonacci Circles before but this is a fascinating chart! Thanks for sharing.
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