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Bitcoin reversal. Crash likely to reach the 1.618 Fib line,

Bitcoin reversal. Crash likely to reach the 1.618 Fib line,

Bitcoin reversal. Crash likely to reach the 1.618 Fib line,

Bitcoin reversal. Crash likely to reach the 1.618 Fib line,

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Odalisque


Bitcoin reversal. Crash likely to reach the 1.618 Fib line,

After thorough analysis of a range of fractals and reversing the Fib retracement as seen on the chart, I have come to the conclusion that it is very likely that a rapid crash to the 200 day MA on the weekly timeframe is to happen. The 200 day MA on the weekly perfectly coincides with the 1.618 Fib line of the reversed retracement tool. This would make the sequence complete, ready to start the climb to a new ATH.

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