erod0601
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BTC slipping down to .5 retracement level

BITFINEX:BTCUSD   比特幣 / 美元
As BTC breaks down through support, I suspect we'll be heading down to our next fib level at the .5 retracement with a minor bounce there
There is another view of this situation, because the price hit also the 0.618 of a retracement for (A = 6460 EUR and B = 9567.98 EUR) <== EURO. In this case a cluster of fibos were formed and is not broken. The price may go up. Try to make retracements for major pullbacks to the top. You will see that there is a cluster until USD 9409. The close price did not break this value. If it is broken, then we go to 0.5 retracement you are talking about.
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erod0601 jocafi
@jocafi, Yep on a macro view, you're definitely right. May actually be seeing a bounce here as I type this.
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Possible, i hope not for my profolio...
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