dRends35

BITCOIN - Another Bounce Back To 0.886?

dRends35 Updated   
BITSTAMP:BTCUSD   Bitcoin
Taking fib retracement from thrust candles shows a distinct regression ratio with price reversing on point at 0.886. If this is the local bottom and the pattern repeats, price will bounce to 38-39K.
Comment:
Price broke down further and so 38K retracement should be off the table, and so now its just a matter of whether BTC is very weak or extremely weak short term. Either way its fairly clear where the road goes from here. Its going to get wild.

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