PHMoneymakers

Bitcoin's Potential Next Move!

BITSTAMP:BTCUSD   Bitcoin
Looking at the price action Bitcoin has had with a violent drop, I've spotted a nice bullish div in the accumulation zone which does make me think Bitcoin is ready for a bounce and gain some dominance back. I've waited weeks for BTC to test 42k and - 40k and we finally got it. A violent drop always has some kind of strong reaction to the upside even if the trend remains bearish. Time will tell. I am targeting the 0.615 - 0.5 fib level first and see if we get the rejection there.

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