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Possible Stages of Bitcoin top
The big W spike could have been an important top for Bitcoin
In times we have topping patterns we usually see the retracement levels hold 76/86 and then reject.
When this happens we often seen wave 1 of the reversal in the obvious break.
Wave 2 is the "Return to normal" bull trap (76 correction).
When these are in place and waves 3 and 5 come, these tend to extend 2.61 of wave 2.
Forecast for wave 5 low would be around 75K.
#USUALSpotLaunch #MarketMajorComeback #BTCReclaims101K #MicroStrategyVsNasdaq #RLUSDApprovalBoostXRP $BTC
The big W spike could have been an important top for Bitcoin
In times we have topping patterns we usually see the retracement levels hold 76/86 and then reject.
When this happens we often seen wave 1 of the reversal in the obvious break.
Wave 2 is the "Return to normal" bull trap (76 correction).
When these are in place and waves 3 and 5 come, these tend to extend 2.61 of wave 2.
Forecast for wave 5 low would be around 75K.
#USUALSpotLaunch #MarketMajorComeback #BTCReclaims101K #MicroStrategyVsNasdaq #RLUSDApprovalBoostXRP $BTC
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