598XT045
Short

Intermediate Mirror move?

BITFINEX:BTCUSD   Bitcoin / Dollar
130 0 4
The drop from 304 to 236 looks similar to the current move we are undergoing. bollinger bands are 140 to be equivocal to the weekly bollinger bands on a daily chart . The current fib setup is looking very similar to the set up of the first drop. RSI seems to be keeping to the black line and has some room up before more down. Purple crayon seems to be my current thoughts I think we may wick into .618 but not close above it. The final Move would place us at monthly S2 and near the the 2nd standard deviation of weekly bollinger bands the orange line, yellow is the 1st standard deviation and pink is the 3rd. Cyan horizontal line at 211 seems to be a support level from after we got above 160 and to 320 and came down again. Pink linear line is from april 2013             lows with the SR1 crash lows may be possible support. The range I think we will reach is mid 190s to high 180s in the medium term. Time wise can't say im sure but publishing to see if ill be right or wrong and can adjust my outlooks from there.
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