- Wave 5 looks like an extension, meaning 1.618 Fib Ext.
- MACD has not had a higher high yet for Wave 5 extreme
- Following Upward Channel, we may bounce off very soon off the lower level of channel
- Puts target around 22k Satoshis
Just came across this, took a long position at 17,750 and will keep close eye for remaining possible run.
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With MACD high/lows, it looks like I am able to identify the sub-waves within the potential Wave 5 Extensions --
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Error on SAT levels, just realized, forgot .00 in front for both values I have posted
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So far, so good... +1500 SATs
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Latest sat count is +3760
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This one has fallen off course a bit. Im still not sold that we have found the top of 5 yet. We reached strong support level and 55 EMA is now in play (4 hr). Will see how this plays out...
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Pending Response from 55 EMA
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UPDATE: A bit early, but we may have bounced... will keep my eyes on it...