Bitcoin continuous nose dive ?
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
AB=CD pattern is still underway. The second leg is half way through but if there is completion of this pattern then Bitcoin might loose half of its value now to 12500.
Well lets hope this doesn’t happen and the value bounces back from 38,2% fib level or if it falls from here then the next support is at 23.06 percent level that would also reduced the value to 18500.
Lets keep an eye and see what happens in the days coming ahead. Also do share your ideas in comments. Cheers!
