BTCUSD Downturn in Wave 4, likely reverse above 8000

Hello Traders,

BTCUSD started dropping when it hit 20000 in Dec 2017. This is a major Wave 4 correction unfolding in ABC structure. Today BTCUSD continues Wave C of 4, The invalidation level is at 7888 which is tip of Wave 1.

Also likely to hit 200-day Moving Average before reversing, near 8000 level