$BTC TOP 20
Added 2023-04-17 03:45:15 +0000 UTCI am comfortable that $BTC has completed 5 waves up now and the RSI is showing us that it is already starting to trend downwards and topped out, this is not a bad sign, bulls should want this to pull back to where I have shown, as we know, it does not need to pull back all the way to the 0.618 Fib, going to the 0.38 Fib is enough. The 0.38 Fib is just sitting below the $25,500 flip line so it will be worth watching this area closely.
So What Now?
There has been two strong moves in this structure so far, the impulse wave is still valid, I would not like to see this get extended now, for me, this is not a buy at this position, a healthy pull back would be an encouraging move to buy.
Comments
previous bitcoin bull runs from when it hit 66k never seemed to have any sort of pullback (unless they did?) how is this time different? Thanks for you analysis
ES B
2023-04-17 15:19:02 +0000 UTC
