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11021992
May 21, 2017 4:02 PM

BTCUSD: 161.8% Fibonacci extension Short

Bitcoin / U.S. dollarBitstamp

Description

Hey traders,

This is just something I saw during the weekend, it is not a trade call. The BTCUSD went up with 100% in the past few weeks. Overvalued much?! It has no reached the 161.8% Fibonacci extension, which tends to be pretty strong. But the way it rushes up, may make it unlikely for price to take a break.

Cheers
Comments
PaGal
i know about this
look for huge spike at down side! :)
shnax
Hey, I saw that, too. It kind of leaves me scratching my head. May just be the beginning.
11021992
@shnax, Many bitcoin traders told me that it is nothing to worry about :P
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