BitCoin

BitCoin: Bitcoin hit the 5500 level near the 50% retracement mark discussed and is selling off today. This could be a trend reversal and we may have completed wave (X). The next wave then is wave Z down. The next swing support level is 1800. So we will watch what happens there. Wave Z is going to be A-B-C like all other moves in each leg of the decline. Wave Z is usually the final leg of a larger degree decline and so what happens after ward is going to be of interest for the sector Crypto. For now let us watch this wave start. Wave A down should be a 5 wave decline itself.