Bitcoin
Short

Double Bottom spotted! 8894 price point is valid!

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Welcome to our consistent update, no need to write a whole paragraph.

**update of The Rules of Bitcoin. The art of hodling Bitcoin and USD.
**This information is not a recommendation to buy or sell.
Uwaga
Double Bottom spotted! 8894 price point is valid!


Double Bottom spotted! 8894.0 price point is valid!
Uwaga
The Rules of Bitcoin. The art of hodling Bitcoin and USD.


**Previous update.

**back to the idea.

It appears 0.236 fib holding up quite well. It is not impossible to reach 11306.4 (0.618 fib of 19891 to 6000, act as a strong resistance) or even 11498.4. If you look closely, there's a pink trend line which function as a strong resistance, and there's also (0.618 fib of 19891 to 6000, act as a strong resistance). A bull will not jeopardize his profit, most likely will do profit realization on those levels. Bitcoin need more consolidation to recover from the bear trend.
Uwaga
Too early to tell but turns out it follow my Top.
Uwaga
After the recent sellout by MtGox's trustees, I am not convinced there will be another rally before it reached our target.
Uwaga
Yep. I am convinced it will not bounce at 8894.
Uwaga
Waiting for candle to close at 6000 is a good idea and then wait to close green candle for confirmation.
Uwaga
Fundamentals analysis is useful to call the top and bottom. This one certainly isn't bottom. 6k isn't touched. Although it does bounce at 786 fib retractment level. Which is not suprising.

FOMO will result in potential losses.
Uwaga
FOMO will result in potential losses. once again I said it.
Uwaga
This is still a valid analyis. Major reversal is not proven yet.
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