$BTC TOP 20
Added 2024-01-15 19:52:29 +0000 UTCLarge sell off post ETF approval may have triggered Wave 4 here.
As always we set Wave 3 at the 1.618 Fib and this was at $50980 and the price climbed to $49010 post approval and then sell the news event occured.
So this is reflected on the chart now.
Good news is that this Wave 4 is already halfway complete and as always, we have Wave 4 completing at the 0.38 Fib and here it is at $39729
A slight bounce here for Wave B and then a final flush down to the 0.38 Fib should be anticipated here next.
Ultimately I have this moving up to the 2 Fib at $57150, which is conservative, as it could climb a lot higher for Wave 5.
A hold on the 0.38 Fib should be attractive to people who are keen to start a position and have missed the crypto runs lately.
