POSSIBLE CORRECTION DOWN TO $7450 AFTER A THIRD IMPULSE

This will not make any sense if we retest and surpass the 8500´s level again at BTCUSD , if not we shall probably watch for a smooth correction down to 7400´s and short all the way down from the actual point. This measures have been analyzed after realizing the pattern of a harmonic structure.

Trade active:

Price continues its way to the target zone as it broke the 50.0 % Fibo level after a really tight consolidation between $8,300 & $8,100. Although a red candle wick was driven to $ 7455 I still expect it to go even lower and consolidate upon this area of potential reversal.

Trade closed: target reached:

Target reached at 22:00 08/01/2018

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Cheers everyone