BTC USD due for a correction
Looking at previous trends and rallies, I have noticed a retracement to around the 50-61.8 regions, with the last correction falling between 38.2 and 50. This, coupled with the fact that BTC/USD has seen a parabolic growth seems to suggest that we will be seeing a correction soon.
I am expecting a correction to either between 38.2 and 50, or 50 and 61.8, due roughly between Feb of 2018 and March of 2018. We should be seeing BTC/USD price fall to around $7300 if it touches between 50 and 61.8, and about $8000 if it touches between 38.2 and 50.
After this correction I do expect another rally upwards.
I am expecting a correction to either between 38.2 and 50, or 50 and 61.8, due roughly between Feb of 2018 and March of 2018. We should be seeing BTC/USD price fall to around $7300 if it touches between 50 and 61.8, and about $8000 if it touches between 38.2 and 50.
After this correction I do expect another rally upwards.
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