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.
Komen
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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.