$BTC TOP 20 UPDATE
Added 2023-06-21 03:20:18 +0000 UTCYesterday we spoke about the 50 Day MA as the resistance line and it was holding just below that level but today is has broken out very well above it now, is it possible that Wave 2 is complete now? it may be if if it can make a new high above Wave 1 and/ or it pulls back and makes a new higher low, that's what I will be watching for here.
Yesterday I spoke about the 0.38 Fib level holding very well and although it broke down from that line, it recaptured the 0.38 Fib level immediately.
This is a short pull back for Wave 2 but it is valid.
I said yesterday that the bulls will need to step in to show their intention and so far they are doing this.
Crypto fans should be watching for this holding above the 0.38 Fib, especially when a pull back comes, if it can do this successfully, it is certainly showing signs of reversing, for now there is only one wave.
