toateotihuacan

Make or Break: pitchfork vs. 50% fib

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is retracing to the 50% fib line at break-neck pace, and has the potential to break through the 12800 level to new ATHs. Tone Vays daily 9 occurring tomorrowish (Wed & Thurs.) so look for 1-3 days of decision. I'm betting on more down, simply because futures don't close until mid-March, but if we can hold above 12800 for 3 days I'll be bullish as ever. A break of the rising channel would be bearish .
Comment: Didn't hit the 50% fib. Dropped out of channel and retested it. Targeting new lows.
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