Pavoe

Next Quarter BTC Overview

BITSTAMP:BTCUSD   Bitcoin
Looking to BTC and for the volume decreasing it looks like the fuel is running low.

The BTC can touch the 2.1166 at 1,68% of fibo extension and then starts to do down taking some rest on channel supports and finally drop down to weekly EMA 20 at 13.800 coincidings with 68% of retracement. There is the possibility to test the weekly EMA 50 at 11.800 in the middle of February.

Looking at the Daily Chart there is some main target during the drop. The EMA 20, 50, and 100 will offer rest for bearish momentum.
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