Similarity in the previous 2 rallies of BTC/USD using Fibonacci

25 באוק׳ 2017

These Fibonacci moves in BTC/USD are almost the same exact length. The first rally pulled back to the .618 retracement perfectly and then began this major rally up to $6000. Now Bitcoin seems like its losing momentum and beginning a downtrend, or it could be another fibonacci retracement to the .50 or .618.