Tread Carefully !!

The decline that started form the beginning of Sept'17 may still stretch further south, Tread carefully! As, given the rise of almost five folds in the present calendar year itself would demand more price as well as time correction.

However, interim relief might be due soon as BTC might have completed or may be near completion of the first leg of the correction from the recent highs of just under $ 5000. An upward corrective (bounce back) in the form of wave b till 4300-4400 vicinity may be due if the range of 3700 - 3650 is protected in this decline.

The expected bounce till mentioned levels should complete a Head & Shoulder topping pattern which may give way to a dramatic decline till 3200 - 3000 range. If such a decline is indeed in place in the coming weeks then it would serve
to be an excellent buying opportunity for long term "HODL"ers !