Bitcoin is a short-term buy with a long-term sell signal on harmonics. The impact of the recent announcement of Xi Jinping about blockchain in China wasn't visible on my indicators. The only thing I could say, bearish forces will exhaust for this period, but I couldn't predict the huge rise BTCUSD made this week-end. BTC immediately took the 4 mnths old berish trendline and it's still above of that. We expected a cool-down with a clear target and that correction is in process. The real problem of mine is most of the BTCs are in the hands of institutional money and only a small number of retail share on the tiny portion of that. Meanwhile the supply is very limited for BTC. If the institutional traders want to make a gain, they will start to play against each-other and we will see a volatile period with a neutral end-game meaning large moves on daily, maybe weekly basis, however, the net result will be a sideways move on a larger time-frame. It means that whoever is trading with bitcoin should be aware of that BTC from now is the Formula one in trading with extreme risk. Also I need to say, the original plan of Satoshi failed: BTC is not a blockchain money anymore, it became a toy for institutional traders. Trading BTC will be extremely risky and not only the retail but most of the institutional traders will loose money on this asset. I will follow BC as my subscribers asked for that, however, I strongly recommend you to take positions in BTC with caution.
The 4th system suggests a bullish continuation after the expected correction, no need to update the forecast.