$BTC TOP 20
Added 2024-04-17 16:42:18 +0000 UTC$BTC and crypto is starting to show real vulnerability now leading towards the halving event and the price action is down at the 0.238 Fib now at $60k.
Losing this level and it is almost certain that Wave A will continue down to the 0.38 Fib at $51k, which would be a large drop.
We can see that the 200 Day MA is moving up to this level too, so there will be a confluence support level here soon.
Remember, when this ABC correction is complete, I believe $BTC is moving a lot higher next, so holding throughout is not a bad idea to focus on long term and adding when Wave C completes.
Comments
Hello there! I'm new to your group, and I appreciate being here. If I understood correctly, are you anticipating a drop to 51k, then a bounce to 60k, followed by another drop to around 46k? Thanks!
Mechanic
2024-04-17 20:22:20 +0000 UTC
