BTCUSD - Correction looks overdue
Updated
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!
Note
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.
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