The Long Investor
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$BTC TOP 20
🕑 Added 2025-03-16 20:06:09 +0000 UTCAs odd as this sounds, this Chart is still looking like a Wave 4 pull back, even more so than the $SPY chart too.
Price has been flirting with the 200 Day MA all weekend, which has been in between the 0.38 Fib and 0.5 Fib range, as standard as you'll get for a Wave 4 pull back too.
Recapturing the 200 Day MA at $83.9k will be a bullish signal, especially if it aligns with the market doing the same.
Only if there is a rejection at $84k and a drop down to $73k should we expect Wave A to be complete.
Comments
Thane
Is the scenario here to start wave 5 or go through an ABC correction? Apologies if I’m missing something
