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BTCMarket
Jan 21, 2017 9:56 AM

Update 

Bitcoin / DollarBitfinex

Description

Price will see a reaction off the 50fib at 950 with a possible retracement to 910 before moving to 980/1000.

We can see in the chart it's likely price will make a dual leg rally to either the 618 or just under so holding longs until then is advisable and only a loss of 880 would justify exiting.

I'm looking to exit longs at 980 and looking to short from 980 to 1000 with stops just above the 618.

Good Luck
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