$BTC TOP 20
Added 2023-04-08 18:45:39 +0000 UTCContinues to inch towards our Wave 5, so pending now big announcements, this will likely pull back as we expect for Wave 2....failure to hold the Wave 2 fibs and this is into the bear case and the buy zone.
RSI and MACD are both confirming that a pullback is due as they are trending downwards.
Bulls will want to see structure here.
So What Now?
This is not a buy for me until this pulls back and follows a structure and the set up is clear but I am not a big crypto enthusiast, so I will need to see a substantial pull back to the 0.618 Fib at least before considering a position and will need to hold there. A shallow pull back will not change my mind on this. Others may have different views here.
