ryan-snk

Bitcoin - Ultimate Macro Fib

BITSTAMP:BTCUSD   Bitcoin
The macro fib levels from $0.00 to the ATH are obviously the primary levels to watch, shown with the black lines.

We are at the .50 level ($9,817) and deciding which way to go from here.

Bitcoin is like a Bi-polar girlfriend so it's a tough call but, I'm thinking a retest of the .61 level ($7,500) makes sense before a rip up.
The rip up could end at the .5 ($9,817) or go on to the .38 level ($12,134)

She's off her meds so we'll see. I do think before a real rally to ATH can take off, a major washout sell off is likely.
Penafian

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