LuisHoopla

BTC Probably Reversed And Heading Back Down To 36k Support

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The concave orange curve indicates my hope that we're going through a rounded bottom, although I believe this is unlikely due to the fib price saying it's unlikely.
We're probably seeing a reversal due to the head/shoulders pattern just displayed.
I think the curve is half correct - literally. I've kept it the way it is to illustrate the possibility of a round bottom.
If we have reversed and are going back to the orange support line below, I believe it'll finish by the 0.618 fib time line.
Bet#1: we finish at 0.618
bet#2: we've reversed and are going back to the orange support line.
W3L4. This will be updated soon.

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