thor08
Short

Down. Correction at the gates !

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I think I true correction (Fib. entrancement ut to 31 %) is at is very gates. It is difficult to say where exactly or when exactly the impulsive upwards move will end, but I can smell it is very very near. Probably this weekend the price will fall sharply, but the down trend should continue also over time to accomplish all the Fibonacci structures. Don't ask me about news and fundamentals, that's not my matter.

Good luck !
= )
Trade closed: stop reached: For sure this one has been one of my biggest looser trade this year. But I learned something for those who follows: BTCUSD is moving not to retrace at 1.61 extension, but its proportions goes to exponential ratio of up to 6.182 ! Which means after today correction, next target may be over 16,000 price !!

I hope you had better lucky than me today.
Regards.
Surely measuring a retracement on the fibs would require the fibs to be placed correctly? No?
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I do not think it will go down by that much. Common that is delusional but I agree it will correct
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