TradingView
drmojo
Nov 1, 2017 1:35 PM

btcusd may retract in coming days . CHECK BELOW 

Bitcoin / DollarBitfinex

Description


*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 [fresh high] but their is a negative convergence(see chart) which i believe can be the start of the corrective phase in coming days.
More