BTC: End of sell-offs, bounce-back at 8.8k
1. Mt. Gox released the report of the sale that started the sell-offs. They are done selling.
2. ICOs regulations FUD will end. Many ICOs have failed, will fail and that's a good thing.
3. 0.786 fib level of downward channel to 6K low of February 6th, aligns perfectly with the 0.5 level of upward channel after that. Don't be surprised if BTC -5.16% dips down to test this common fib-level at around 8.8k to decide the ultimate direction.
Good luck all!
2. ICOs regulations FUD will end. Many ICOs have failed, will fail and that's a good thing.
3. 0.786 fib level of downward channel to 6K low of February 6th, aligns perfectly with the 0.5 level of upward channel after that. Don't be surprised if BTC -5.16% dips down to test this common fib-level at around 8.8k to decide the ultimate direction.
Good luck all!
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