BTC (Bitcoin) / USD - Bitfinex - 04 June 2018

Bitcoin dropped today below the rising wedge witch now play as resistance.

If this is the first wave leading diagonal after the last big WXY correction we should expect 2th reactive wave correcting in ABC that already began. Very good buy zone as usual for 2th wave is the golden pocket between 0.618 and 0.65 Fibo retracement levels.

If this is not the first wave in form of leading diagonal but another FAIL (It is possible because the structure is unclear) then we should expect WXYXZ correction and lower lows. With other word another ABC down. The given ABC on the screenshot is just an example. The way down and the bottom price may be completely different!

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Legal Disclaimer: This blog post and the materials in it are for informational purposes only. I'm not an financial advisor. This is only my opinion. It is not advice or recommendation to buy or sell according to provided information about the price movements and I am not liable for any pecuniary damages!