BTC SHORT-MEDIUM TERM PREDICTION for BITSTAMP:BTCUSD by Amaliuu

This my my view for the current state of BTC.

11.089 fib is a KILLER of momentum, if we pierce through it, idea is invalidated.

If it gets rejected, we will see a new low.

Comment:

We have pierced through the 6.85 fib and the reaction looks like a short squeeze, there has been no time to accumulate. More downside movement.

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