Bitcoin has produced the first micro rally and hit resistance
Bitcoin has approached the target for that first a-b-c move up of the early January low.
That Red Target box is drawn at confluence of:
- two Anchored Weighted Moving Averages
- downward sloped red trend line,
- 100%, and 138.2% ext of wave -a- up.
After completion of that rally we can see another pullback in wave -ii- down to re-test the breakout resistance level 42,800 from above
That Red Target box is drawn at confluence of:
- two Anchored Weighted Moving Averages
- downward sloped red trend line,
- 100%, and 138.2% ext of wave -a- up.
After completion of that rally we can see another pullback in wave -ii- down to re-test the breakout resistance level 42,800 from above
