$BTC TOP 20
Added 2023-06-25 21:36:03 +0000 UTCOk since we broke above the previous high during the week, we can assume that Wave 2 is complete, it was short to the 0.38 Fib but this was also our Bull Case flip line and we know this is an important support/resistance line, the 200 Day MA was just slightly below and was added support but was not needed, it may have stopped the price action reaching the 0.5 Fib anyway.
So if Subwave 1 is complete now, we want to see this pull back to the white fib levels as shown for Subwave2, let's not expect the 0.618 Fib to be the support level, as it was not for Wave 2. The 50 Day MA is snaking its way through the 0.618 Fib now too and this may rise to the 0.5 Fib over the next few days, this could be a good area to buy at $28k at the pull back.
