TheDeepEnd
Short

Bulltrap Over? Log Scale with Renko and Fibonacci

MTGOX:BTCUSD   Bitcoin / Dollar
599 1 0
Fibonacci retracement levels lead me to belive that the bull trap is over, and we will be headed down/range for the next 2-3 weeks. Then the final correction can begin.

This is my first published chart so suggestions and feedback are welcomed!

- http://s16.postimg.org/dx3pjb8ad/Main_Stages_in_a_Bubble.png - Artwork credit : https://www.tradingview.com/u/contentsys/

Congratulations on your first published work! :)

But I think this is a bear trap, we are still oversold on the weeks chart :)
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