Bitcoin gave us a wild ride yesterday, which can be very scary for new comers, or even experienced traders alike who where caught off guard. This is typical behavior for bitcoin after a large rally and characteristic of the third phase of the dragon head pattern (a ghostsquawk exclusive technical pattern). What's next is that we will see some consolidation. In fact, we are seeing this now. This is the final stage before a breakout, in either direction. We have no reason not to believe this will be a bullish breakout. Watch $32.2K, $34.4K, and $35.8K. The latter will be a new high, and is one of our Fibonacci levels.
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