Quote from: nanobrain on September 15, 2017, 06:57:37 AM

Quote from: Afrikoin on September 14, 2017, 09:11:52 PM

Has the parabola (and bull trend) been broken or will a new fan line form, leading to new all-time highs? $BTC

https://twitter.com/PeterLBrandt/status/908429475167092736

snip

In a word...no.

Looks like we've broken the fib retracement support at 3250USD and next stop 2730USD -- if that doesn't hold (and I reckon it will unless there are further shenanigans) then things get really ugly, the forum gets full of 'BTC is dead' trolls and the MSM is full of stories of people who bought at the top wanting to blame someone, anyone.

The 38.2% level was broken briefly which is not a concern as the weekly 20 MA held. However look out for a dead cat bounce on the weekly chart between $3800 - $4000. Traders are obviously bidding the weekly 20 MA; as long as the 20 MA holds we are still in a bull market.