Looks like BTCUSD has clarlity broken down. Right now pushing through 0.236 fib. Target = 9,500 -- 0.382 fib retracement from last leg up. Likely see 8,850 before heading back up.
BTCUSD is in an uptrend. Currently trying to work past resistance at .236 fib. My positions are x1000 since the system does not allow less than one unit to be bought / sold. In other words, my position listed on the chart is 0.101 btc not 101. I entered this trade a little prematurely. I should have waited for a clear break of the .236. I also like to see...
Ok guys, I'm going out on a limb and making a prediction (just for fun). This is a very simply trendline analysis. The current decline looks similar to the Jan 7th move down. If the market mirrors that angle and duration of that drop, we'll bottom around 8,750 sometime on Thursday. A break above 12,000 cancels this call.
This prediction may be as good as...
