BTC.usd Longs on Finex at ATH and common Wave Ending Fib: 4.618

We have all seen the number of Longs grow in a parabolic climb on BitFinex.
While it is difficult to Fib a near-vertical line, it does appears to have a "Pulse".
They have hit a possible Wave-Ending extension at the 4.618 and are reacting.

This is just a "Heads Up" for informational purposes.
I have no idea why they are so high or if they will pullback.
But IF we are to see a pullback, THIS might be the start.

Comment:

Spiked through resistance.

Wow, still going strong

We got another strong push that blasted through the 4.618 band.

Zooming OUT a bit to include the underlying fib:

It is common for wave 3 to have its own Impulse+Fib because w3's are born for a new Force, or a sudden increase in original force.

So looking at the confluence of both fibs, the above Red Zone around 40k is first resistance to observe.
If and when it starts a pullback, then wave 4 target may be project-able, and then wave 5 final destination.
But there is really not much to measure or ponder until we see the pullback.


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