Although $BTC has not started its Subwave 3 move yet it has also barely moved along the 0.38 Fib level too.
Possibly a show of strength during difficult market conditions which is a good sign overall that $BTC could be a hedge.
The 200 Day MA is still at 0.618 Fib, which is where we have our Wave 2 target, I would not be against this idea of storing cash in $BTC if it comes down to this level and holds.
Manuel Bantle
2023-08-18 07:51:27 +0000 UTCAdam L
2023-08-18 02:06:49 +0000 UTC