Potential support around 5.5k

BITSTAMP:BTCUSD   Bitcoin / Dollar
181 0
Hi guys, very simple chart, once the 61.8 and 78.6 has been breached the markets returns to 100% around 80% of the time.

Having said this i will be watching 5,500 level closely. If we dont see signs of life here i will be looking to but for a long term holding around the $3,000 level.

Good luck and stay calm, dont trade with Credit (i think banks not allowing credit card transactions to buy BTC is a great thing) if buying the market and limit your leverage if trading CFD's.
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