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drmojo

btcusd may retract in coming days . CHECK BELOW

Bitcoin (BITFINEX:BTCUSD)  
drmojo  
BITFINEX:BTCUSD   Bitcoin
Support and Resistance Fibonacci Candlestick Analysis
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supportandresistance fibonacci candlestick
snapshot
1st lag- hike from $1000 to $3000 mark followed by 50% retracement as shown in chart.
retraced level $1900

2nd lag- from $1900 to $4900 which was again followed by 50% retracement.
retraced level $3100

current lag from $4900 to $6590 but their is a negative convergence(see chart) which i believe can be the start of the corrective phase in coming days.
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