JimMakos

Did Bitcoin bounce off a support level of November? Yes, it did!

MTGOX:BTCUSD   Bitcoin
4
Sure, my recent prediction for Bitcoin wasn't confirmed, as Bitcoin price failed to climb up to the previous highs:
(Still, I discussed why we should take profits in the process: plus.google.com/u/0/...91/posts/LGFqA6htXDv)

On the other hand, the support level I used to draw the Fibonacci retracements on that day, coincided almost exactly with the support level this week!

Just press "play" on the link above and see how Bitcoin touched the support level drawn one month ago!

Aren't support and resistance levels just great?

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