SnakeTheInterloper

Bitcoin: Drop to $290 fully retraced

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
1
Dear traders,

After an uneventful 3 weeks and consolidation of Bitcoin , the >50% retrace from a peak of ~$515; BTCUSD has bought back up to 370 with the endorsement by the Chinese branch of international settlements. The price appears to be in a holding consolidation within the region of $370 - 400 as seen between the 5th and 10th of November. If this zone is held, another run may be made to $500.