ABC correction has been added here too with Wave 5 completing at the standard Fib level at 2 at $57,000
This would have $BTC finishing with no extension or chasers coming in.....which seems a little far fetched because crypto bros tend to chase this but for now, lets plan for $57k being the completion of Wave 5.....but this is not a reason to sell, waiting for a rejection at Wave 5 is a reason to sell or trim, to be prepared for the ABC correction.
i believe $BTC is in the middle of Subwave 4 now and still has one more leg higher to complete Subwave 5 of Wave 5.
jeev
2024-02-25 19:58:52 +0000 UTCDaniel
2024-02-25 19:23:30 +0000 UTC