PeteWebber

BTC possible next retrace levels

Short
BITSTAMP:BTCUSD   Bitcoin
Seeing a possible return to trend line and 4H 50 EMA which coincides with the 38.2-50% areas as well. In a wedge formation and could break either way so increased voaltility is highly likely whatever direction it breaks. If it breaks down toward the trendline it could well push further to the 50%-61.8% area, possibly in a fairly messy and drawn out way. Lets see what BTC futures have in store for the spot price.
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