Based on Voodoo Witchcraft and Fibonacci extensions, in conjunction with structure analysis and key-lime pie (with the graham cracker crust x2), I have been able to assume the vague possibility that BTC may indeed perform a 61.8 extension of its previous downward leg... And then maybe afterwards a nice retracement to around $4400. That would probably please the Gatekeepers who demand a pullback before BTC is allowed to proceed. Long-term I think a good Resistance point is around the 13-14K area. Gotta break 9500 first though. We may range for a while, while the institutions (not so quietly) accumulate (Pie).
Comment:
$54-5500 Is now a minor support area to watch, followed by $5090.
