Richard Tataru
XGlobal Markets
BITCOIN's Daily Wave Count suggests that the Crytocurrency is trading within a Primary ABC (red) Correction which is expected to finalize quite soon.
The Primary ABC Correction (red) is showing a potential Head & Shoulders Formation and a Bearish Divergence which is indication that BITCOIN could have more room on the down-side before the Up-Trend would continue.
BITCOIN (BTCUSD) - Daily Chart (picture):
Forecast:
- Short-Term: Bullish
- Medium-Term: Bearish
- Long-Term: Bullish
Levels:
1 - 4500
2 - 3200 or 2600
3 - 6200
Many pips ahead!
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