0.38 fib level a stronghold

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
229 0
As expected, free falling BTC bounced back at the 0.38 fib support zone , forming a double bottom in the 3m charts. This indicates that further pullbacks below 10.900 are not likely. Tough guys may start taking new longs now. Less tough guys like me will wait a few more hours to let the dust settle.
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