Magic_xD

50MA Weekly rejection and down to Test support next.

Short
BITSTAMP:BTCUSD   Bitcoin
If we just repeat Jul 2015 we got rejected of the 50ma weekly then retested support and bounced.
lets see if the same happens.
Jul 15 we had 49bars after rejection and around 36% drop
if we do the same we might just go near 3539 to 3650 ~
but if shit gets too bad, then we might visit the 2k area. later on 3rd Quarter.
Good luck 4 all.
Just my opinion not financial advice.

Time is more important than price. When time is up price will reverse." – W. D.
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