Bitcoin Extending
Because of the manner if which price has extended I am still looking for a proper wave 4 and OMH that will get BTC closer to it's ATH of just under 70k. I did a cursory check of contributed ideas on trading view and there appears to be many people calling for a top.
Currently, there is nothing suggesting that.
Currently we are in the beginning areas of a wave 5 target area, but with no wave 4 to discern, this is still wave 3. MACD is not registering the highest reading as it should in a wave 3 due to the overlapping ending diagonal to conclude wave 3. I am awaiting a wave 4 to begin in earnest...followed by a final push higher for completion of a wave (i) of cycle 3 eventually much much higher.
Best to all,
Chris
Currently, there is nothing suggesting that.
Currently we are in the beginning areas of a wave 5 target area, but with no wave 4 to discern, this is still wave 3. MACD is not registering the highest reading as it should in a wave 3 due to the overlapping ending diagonal to conclude wave 3. I am awaiting a wave 4 to begin in earnest...followed by a final push higher for completion of a wave (i) of cycle 3 eventually much much higher.
Best to all,
Chris
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