mk_trader

BTC No clear path ahead - waiting for retracement

BITSTAMP:BTCUSD   Bitcoin
The waves starting at October 11th-12th and the other staring October 18th retraced by 0.618-ish, should we axpect this up movement from 25th to 27th to reatrce to 0.618 at about 5670? And there is one other thing, grater correction for up-trend since end of septmeber, started around 3520 and ended with ATH 6180. Should it retrace by 0.618 that would be around 4520.
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