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Waleed.Yakout

BTC to $3050 (Fibo 161%)

Short
Bitcoin (BITSTAMP:BTCUSD)  
Waleed.Yakout  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Technical Indicators
2
0
trendanalysis indicator
BTC Break the $5800, BTC go to $5200 then retraced to $5650,
Then continue the new down trend reached to $4050
BTC retraced to $4600 (Fibo 61%)
Expected to continue the Down trend toward to $3050 (Fibo 161%)
The question is the BTC will Penetrate the 3050 ?! or reverse and start a new Up-Trend?!
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