melvin.vtejani

btcusd may retract in coming days . CHECK BELOW

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar

1st lag- hike from $1000 to $3000 mark followed by 50% retracement as shown in chart.
retraced level $1900

2nd lag- from $1900 to $4900 which was again followed by 50% retracement .
retraced level $3100

current lag from $4900 to $6590 but their is a negative convergence(see chart) which i believe can be the start of the corrective phase in coming days.
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