Xenophase

Bitcoin death could mean another retest of 61.8

Long
BITSTAMP:BTCUSD   Bitcoin
Looking at similarities between the two bear markets, there seems to be a similar pattern in the colored boxes which indicate strong support and resistance lines while respecting the Fibonacci levels. The recent parabolic advancement may indicate we're still not ready to break 13k with respect to how far we still are from the halvening. Regardless of the death cross, retesting the 61.8 level would be expected breaking out of the bull pennant into the blue zone.
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