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PhilipTG
Jan 14, 2017 7:08 PM

Is the BTC bull just taking a breather? Long

Bitcoin / U.S. dollarBitstamp

Description

BTC always ha.s repsonded well to fib levels. My previous posted targets upside targets were hit on this run up. So what we have here is a very close to a double top of the all time high's. This coincided with the panic out of China with the threat of capital controls and exchanges eliminating margin trading. So now the test of the $800 - $720 retracement zone. A firm break of $720 level will most likely take us to a test of $600 and the major trendline. The $945 - $1000 area will be the wall of resistance for any retrace back up from the highs. Will update as the price action unfolds
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