BTCUSD - Correction looks overdue

٢ ديسمبر ٢٠١٧

BTCUSD is doing great this year however it appears that this rocketship is overdue for a correction at the moment. Kijun has flatlined which indicates the bullish momentum is losing steam. I'd look forward to a retracement to the Kijun at USD7790 before the next leg up. Stay tuned and keep your eyes peeled!

٢٥ ديسمبر ٢٠١٧

ملاحظة

Retracement to Kijun has happened as expected, although, it happened at a much higher price point (USD12k). I've posted a new analysis on this new scenario. Look up my new chart for the details.