The 2013 ATH is now the 78.6 fibonacci level on bitstamp. I could see us retracing to the 78.6 before breaking new highs. Would be a very nice buying opportunity.
The exact thing is pretty experimental, let's see how it works.
I know i've been saying this for a long time, but i think i'm gonna make a tradingplan soon.
Shout out to themerle for mentioning me on their site, and shout out to @philipvdlinde for being an awesome mentor! :)
We'll probably see a small breakout above or under the current consolidation (422.10 or 436.45), and then a rejection, followed by a trend in the opposite direction. In a bearish trend scenario we'll see the price will fall to around 372 followed...
List multiple possibilities. Of which the most likely marked in blue. I also have another "extremely" simplistic chart about the BTC market in 2016, which has a slightly differend opinion. (related idea)
![BTCUSD: [Experimental] BTC price action for this whole month!](https://s3.tradingview.com/x/Xhk9D3Ak_mid.png "[Experimental] BTC price action for this whole month!")
