Chart suggests that there might be more down side to Bitcoin .
Will be looking to see it retrace all the way to the 61% fib line (10 k area) by end of year.
Overall still bullish on the Coin and expect 2018 will see more upside with new all time highs.
Bitcoin has retraced to 61% and bounced as expected, although the timing was a little bit off. Will now be looking to see it hold around that 10k area before possible reversal to the upside.