$BTC - Needs to take a break for now

Our 1-5 impulse waves appear to be done and we are now facing resistance at 200 EMA (pink). Also this top is 2.618 Fib extension of wave (i). 5 impulse waves are usually followed by an ABC correction.

Note how 4th wave got support from 100 EMA (purple)

Note

I sub divided the 5th wave into 5 sub-waves, although the price went beyond 200 EMA, it looks like the stretch is over

Note

That was indeed the top, here is a possible ABC correction with Fub levels acting as support and resistance

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Our chart yesterday was about 3rd wave ending and not the 5th wave. The 5th wave appears to be done now

Note

ABC appears to be done looking at the sub-waves. Also 0.618 Fib level is a good place to turn around

imkeshav

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BTC - Lets hope this is a capitulation

by imkeshav

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imkeshav

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