#FibonacciFriday celebrates with a bearish sentiment in BTCUSD

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
With price finding early selling interest at a low Fibonacci retracement level ratio and the red negative directional index line not crossing down through the positive directional index line, look for selling interest to remain here with the previous low as a target for a test of support once again.

Despite the latest move up recently, the bears maintain control. Not enough bullish signals for me to go long just yet.

Happy trading!

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