Ongoing Correction

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
1272 1 13
The target of ongoing drop is somewhere between weekly ma20 (540) and daily ma200 (490).

I think break of daily ma 200 has low odds to happen (or may happen without closing below it - instant bounce). If it close below d/ma200 - it would be bearish sign. Unless it doesn't - we have a normal correction of 198 - 778 rally.

The fibs are: 418 487 556
Just wonderful! Congratulations! Could on the current situation in the coming months to give a forecast?
Thank you for attention)))
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