Lets see again if Fibonacci will come into play. I sold out of this position on June 13th at 32,000 satoshi. Glad I did and now I want back in and will wait for the second Fibonacci level to hit. the 25K mark gave a decent rally up to 35K and you only had two or three days to sell and had to sell that day to get good profits. This is important because when I fish for these fib levels I often do it because it is both bullish and bearish for the market to go up from here. We can see how this is falling down why it was bearish to have this rally and why buying at 25K was a great play.
I will be looking to sell at about the 25k level on a play here because when you hit the second fib level below it is very common to at least go up to the next level if it is going to be a failed rally.
Derek
