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UnknownUnicorn17072940

BTC/USD - using Fib circles

Bitcoin (BITSTAMP:BTCUSD)  
UnknownUnicorn17072940  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns BTC BTCUSD circles Fibonacci Circles
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trendanalysis chartpattern btc btcusd circles fibonaccicircles
Using Fib circles we can see that 2.618 was a strong ressistence for previous high and for last dump it appears as a support.

If use 140MA it can be seen that it also appears as support for now.
And similiar patter as in September before main bull-run.

Need to hold 140MA.

Btw, using circles localy - all coorection could been foreseen.

snapshot
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