The Long Investor
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$BTC TOP 20
🕑 Added 2025-05-02 09:11:50 +0000 UTCBullish development here from $BTC, it is now above all important moving averages but now raising its head above the amber 0.618 Fib at $96.1k, which has been a resistance level for the last 7 days.
Most importantly is that we are seeing 5 waves now as a higher high has been made.
This is an early sign that the price action is not moving in a corrective manner (Wave B)
After 5 waves, we expect a 3 wave pull back as always, so a higher low on the pull back to the 200 Day MA at $90k would be very bullish in my opinion.
Comments
SK27
Cap, so you expect 5 waves to end here and wave 3 pullback target at 200dma?
