5124 zone is significant resistance on BTC. the 1.618 extension from Dec 15th low to Dec 24th high (wave 1) to Feb 7th low (wave 2). At glace wave 3 should complete here soon, followed by a pullback (wave 4) to as low as 4180. 4490 (.382% retrace), may be a good spot for reentry long. The 50% retrace coincides with new invalidation levels. I'll update the chart....
5124 zone is significant resistance on BTC. the 1.618 extension from Dec 15th low to Dec 24th high (wave 1) to Feb 7th low (wave 2). At glace wave 3 should complete here soon, followed by a pullback (wave 4) to as low as 4180. 4490 (.382% retrace), may be a good spot for reentry long. The 50% retrace coincides with new invalidation levels. I'll update the chart....
Wave possibly complete at fib support cluster.
Comments on chart.
Resistance: current prices. Support and invalidation levels 10900. Bullish above. Nearer term, good for a pullback.
Nifty long term wave count.
5 waves complete for major bearish reversal on DXY?