$BTC TOP 20
Added 2024-11-13 10:43:13 +0000 UTC$BTC appears to be following the smaller wave count and 1.618 Fib extension and this makes a lot of sense here, with the $100k target aligning for the year of the year.
It is crucial for me that $BTC pulls back for a Wave 4 shortly, having already overshot the 1.618 Fib
$BTC is already substantially above its 50 Day MA now too, so this move has been aggressive.....unlike $ETH which has jumped but its moving averages have stayed in sync with the price action, which is why I still believe $ETH has a much better set up.
A pull back to the 0.38 Fib at $78k next sets $BTC up very nicely for a year end rally and also gives holders another opportunity to add.
Comments
Thanks a lot for your prompt feedback.
Chris
2024-11-13 11:53:11 +0000 UTCI think $BTC moves with the market, so when the market pulls back, so will $BTC, and the 0.5 Fib - 0.618 Fib for a primary ABC will be between $59 - $48k
Gareth Neary
2024-11-13 10:54:09 +0000 UTCWhat do you see after wave 5? I see some Elliot Analysts talking about a correction to 40-50k after hitting 100k. Is the latest longterm setup still in place?
Chris
2024-11-13 10:51:09 +0000 UTCWould love to see btc at 78k, kinda feels like everyone would jump on it though... too many catalysts
Raoul Dawda
2024-11-13 10:50:29 +0000 UTC
