$BTC TOP 20
Added 2024-07-05 07:20:34 +0000 UTCWell this aggressive sell off has been fast but nobody in this group is surprised.
This is what we have been waiting for and this is what we are getting and no changes to this chart.....I see online that this sell has caused utter confusion, in spite of us showing this was going to happen.
The big question now is where support will be found.
A lower low has been made now, so I am happy that Wave C can complete once support is found on one of the Fib levels.
The first big test will be the 0.38 Fib at $51,360, failure to hold here and the next Fib support level is at $44,415 on the 0.5 Fib....we spoke in the group yesterday that a Wave 2 pull back typically goes to the 0.618 Fib, which is at $37,471.....which can not be ruled out but will the Bulls allow it to get this low?....I suspect not.
I will put a long term chart up for Bitcoin this weekend so we know where this is going after this Primary Wave 2 pull back is complete.
