BTCUSD will probably correct today, till the FED report on Wed

BTCUSD's trend on the shorter time frames is getting weaker (bearish divergence), which is OK. On the bigger timeframes, this is the 1st elliot wave of another group of waves. And based on the fibonacci retracement tool, it looks like a retracement to 26.6 is HEALTHY.

I personally will not purchase my bitcoins now, I will wait till around the FED report to get a better look on the markets.

I am posting a longer video tomorrow commenting on the expectations from the FED interest rates report/meeting. Make sure to follow me now, and check-in for this video (maybe I will make a stream too for Q&A).