cresce
Long

Bitcoin Fibonacci projection

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
1920 1 1
Price ran up and made a beautiful retracement down to the 61%(body) 50%(wick) level. As a rule of thumb (read higher probability! not certainty) If price retraces to 50.0% or 61.8% more often than not, price will go to 161.8%. In this chart that would give us a projection of price up to $291 per Bitcoin
What are the next possible retracment levels ?
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