GJMRealEstate

BTC USD - time to rest

Long
GJMRealEstate Updated   
BITSTAMP:BTCUSD   Bitcoin
looks a bit tired. BTC may need a rest before challenging $50k.
Comment:
... maybe after striking $20,000 ! ha ha this thing is inexhaustable !
Comment:
still volume is tapering off. 4 days of below average volume. might be putting in a blow off top here (blowing out the channel before correction begins)
Comment:
my guess is if you lay a fibonnaci over this we would retrace to 9k, and since 9k is psychologically going to trigger more selling under 10k, we might end up at a test of $5,000. Good support at the 5k level. just my guess as to how this will shake out.

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