Tone_LLT
Long

Did Fibonacci's help stop the fall?

BITSTAMP:BTCUSD   Bitcoin / Dollar
353 0 5
Need to break back over $363 for another shot at new recovery highs. Adding the Fibonacci's to the 2-hr candle chart is now providing some nice areas to watch, Bullish over $363 and Bearish under $346. The moving averages are crossing so that's bad but the RSI hit some nice oversold levels which is good. The MACD also hit some low levels and is crossing right now. Might be a bit premature to call the Long but sometimes trading is about chances.

Expecting the $363 Fib resistance to be broken to the upside for a small swing trade.
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