The Long Investor
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$BTC TOP 20
🕑 Added 2025-04-09 12:50:51 +0000 UTC$BTC has come within $1000 of touching its own 0.38 fib at $73,400 and is just sitting on its 50 WMA now as we lead into the market opening again.
I believe this will follow the market higher to complete Wave B and reject here too and fall back down to complete Wave C
Also, if $BTC breaks below $74k then the melt up scenario to $123k does not play out either, this is same situation as the $SPY.
We can already see that the 200 WMA is moving toward the 0.618 Fib at $51k towards our Wave C level.....this is all aligning very well.
Comments
Julien
Captain, would you recommend to stay on the sideline at this stage or you are in favor of the melt up scenario?
G4Golf
Suggest watching the PA carefully from 87k upwards. As I understand his comment above, this still has both the ABC and melt up scenarios in play.
BroJay
Is this the bounce from A to B? If so, is the wave B target bullish ($95,600)?
