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ridderjoris

BTCUSD loves retracements to 0.618 Fibonacci and 0.786 Fibonacci

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Bitcoin (BITSTAMP:BTCUSD)  
ridderjoris  
BITSTAMP:BTCUSD   Bitcoin
Support and Resistance Fibonacci Trend Lines
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supportandresistance fibonacci trendline
I expect a retracement to 0.618 Fibonacci soon which is in confluence with important historical support. This drop will trigger a massive amount of liquidations and therefore it might even spike to 0.786 Fibonacci followed my a strong rejection. 0.786 Fibonacci is in confluence with important recent support.
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