4xMarc

Possible Stop of the trend

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
2 times 1.27 Fibo Ext + 88.6 Fibo retracement + ABCD on weekly + Big support + oversold (Divergence on weekly!)

we should at least see a sideways movement for a few weeks, cause this is a pretty strong zone.
after channeling we might see a bigger retracement to 400ish or maybe break down and continue trend, but i got into my longs about 162ish