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cresce
Oct 31, 2013 9:26 PM

Bitcoin Fibonacci projection  Long

Bitcoin / U.S. DollarMt.Gox

Description

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
Comments
Bluehelix
What are the next possible retracment levels ?
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