Here a simple review of BitCoin (BTC) charts for your review. This first chart is a 4 Hr chart and it contains fibonocci retracements from the recent swing low on 9/17. So for the last day the trend has been lower. Today it broke thru the retracement levels and now has bounced above the .786 level. If you want to go long then place your stop around $3,865.
Now look at the second chart below again a 4 hr chart and this is a fibonocci retracements from the high volume swing low on 9/15. I am now thinking the BTCUSD price will head lower to the $3,411 level and when it gets there we can look to see if we want to go long.
As I said before we are thinking it will test the high on 9/2/17 so lets see what the next few days reveal to us.
Comments and questions welcome
