The Long Investor
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$BTC TOP 20
🕑 Added 2025-05-11 18:23:07 +0000 UTC$BTC continues its impressive run and 5 distinct waves can be seen since $74k.
I believe the $105k level can be tested next and even the ATH level at $109k.
The Wave 5 bullish scenario has a move up to $123k and we can see that this aligns with the 4.618 Fib perfectly but also the technical price target, shown here by the breadth of the Cup formation above the neckline at $69k.
$BTC continues to perform very well relative to the US market too and we can see that ALTS have been moving very strong too.
No rejection here so continue to hold but I don't suggest chasing here.
Comments
Gareth Neary
I have never bought $BTC as you know
Gareth Neary
so that would align with Wave 5 at $123k....on the chart
Chris
I read about ideas where this is not an ABC correction now but we are in an the iii of an extended wave 5. What do you make of this?
#MätTheFät
I thought B waves were only 3 parts. I'm a bit confused.
ES B
Are you selling at 120-123k ish or holding?
