PeterDayrl

Where to Bitcoin

Long
BITSTAMP:BTCUSD   Bitcoin
with some strength shown recently to the 4100 level i would expect a small retrace. A hold above the 3700 dollar level would be a good indication to retest the 4200 dollar level. There's strong support at 3500, which is also the 0.618 fib retracement level. Abreak below 3500 would indicate a trend reversal.
Coming days
-Expect retrace to 3700-3850 level
-An upswing to 4200
-A break through of 4200 could bring us all the way to 4600-4900 level
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