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RE: Bitcoin Mid-Day Update: The $8,200 Target Could be in Play for 0.681 Fibonacci Level

in #bitcoin7 years ago

The closes are lower on the day and the week. The drop will probably test Fridays lows in the next 24 hours. And probably deeper before before a turn around. Once again I will mention Bitcoin went up unbridled last year. Now we have options where it can be shorted. The scale has changed from people just buying and holding. Now we have people actively playing shorts as well as longs. I had/have a un-reached target below February's lows. Those closes being lower can be very strong.