$BTC 1st WAVE DONE ?Hello everyone, we can see that $BTC made a new high during in the last hours. It stopp right on the 50 of Fibonnaci (from 13800 to 7200). The first wave may be done, the 2nd wave which is a correctionnal wave has the potential to correct 100 % of the 1st wave. Here I place a Fibonnaci and we can see that it already corrected 38.1 % of the 1st wave. It could keep rising right now but it could also reach the 50 or 61.8 % of Fibonnaci.
Btcuslong
BTCUSD approaching resistance, potential drop! BTCUSD is approaching our first resistance at 4320.0 (horizontal swing high resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension, Elliot wave structure) where a strong drop might occur to our major support at 3867.2 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
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