BTC rolling... Next resistance looks stiff at $2,800. That is now a technical bulls-eye. Quite a bit of Fib confluence to be dealt with... The 78.6 of the swing high to low. The -23.6 of the X-A-from B leg and the
.618 alternate price projection of X-to-A from B. Now add the prior B wave high and, don't forget to look left for some prior support to become resistance. Only way in, other than the 'ol pull-and-pray... is to look for a retracement to wave 4. This wave-3 could go all the way to $2,800 without stopping. It's worth keeping an eye on the oscillator as it's rarely pinned for long periods with out some degree of cycle relief. This move stays valid as long as we stay above the wave 1 high of $2,585. FOMO is the enemy... patience your friend.
.618 alternate price projection of X-to-A from B. Now add the prior B wave high and, don't forget to look left for some prior support to become resistance. Only way in, other than the 'ol pull-and-pray... is to look for a retracement to wave 4. This wave-3 could go all the way to $2,800 without stopping. It's worth keeping an eye on the oscillator as it's rarely pinned for long periods with out some degree of cycle relief. This move stays valid as long as we stay above the wave 1 high of $2,585. FOMO is the enemy... patience your friend.
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