Bitcoin has retraced to the .618 Fibonacci levels and you can see it has touched this level at least 3x in the past. I think we will see a bounce off this and a continuation upward over the coming days.
EtherSwinger
TA or simply summarizing the chart? Didn't it bounce off over 12h ago?
Balas
enoch87
EtherSwinger
@EtherSwinger, it's bounced multiple times, I just see this last time as a change of trend from down to up :)
Balas
EtherSwinger
enoch87
@enoch87, one more bounce while I sleep tonight... then we'll be checking out the 16-17K by the end of tmr
Balas