Bouncing off fib levels in the new channel

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
385 4 6
Pitchfork on the crash to $340, we're on a new trend now.

We're doing sideways consolidation between $500 an $550, then if we manage to get a push to $550 again and break it it's headed to $630. Willie is just too overbought at the moment to get any meaningful push past $550, but do not expect a complete drop back down to stupid oversold levels. At worst it will get to 75 with continued positive divergence.
Why you no re-test $500. I want bids filled!
On to 630...
+1 Reply
Way too much resistance at $430 as we've seen... its quite impossible actually.
Now that we zoomed past $500, that will be a strong support now :D
+1 Reply
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