UzzyNaeem
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BTC-USD trading in weekly movement index

BITSTAMP:BTCUSD   比特幣 / 美元
185 2 5
@jimo79 think we will re-test the lows of 11k and perhaps drop to 10k. the pullback or downtrend, if you want to call it that, we're currently in, has already reached the 127.2% extension of the initial wave. Now looking more long term, for the overall up trend, prices closed around 61.8% fib retracement. However, as there is no news to swing sentiment towards the bullish side, price seems to be consolidating till some news arrives to push price either way.

The 1:1 red bar was reached, if we carry on in the downtrend i see price hitting 9k - 10k. In the long term I see a push towards 25k USD
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