On the 5 day you can see if you draw 2 fibs, one from the last break up... in yellow, another fib, grey from cycle low to top, and look back, you can see that there are 3 tops that need to be tested from previous cycle.
when you draw the yellow fib, the previous high has to be tested, that's between the 6.18 & 78.6, 90% of the time, that top gets tested, roughly
49K
, the 61.8 is just above that, and that also has a top lined up with it at 52.6K those are the 2 white lines and the white circle area. The 5D 200sma will be up to those levels in a couple candles also
BTC has dipped 20% or so and usually dips 30-40% before or close to the Halving, back test that yourself...
So play with this chart, and a second post wiil be up in a few minutes to back up this 5 day with a 6 hours wave chart
Worst case $32K hasn't been re-tested either... that's a bit low but would like that price for a wick,
All of these could be flash wicks so set limit buys above with stop losses, in several small orders per level, just one limit order at $32-34K
when you draw the yellow fib, the previous high has to be tested, that's between the 6.18 & 78.6, 90% of the time, that top gets tested, roughly
49K
, the 61.8 is just above that, and that also has a top lined up with it at 52.6K those are the 2 white lines and the white circle area. The 5D 200sma will be up to those levels in a couple candles also BTC has dipped 20% or so and usually dips 30-40% before or close to the Halving, back test that yourself...
So play with this chart, and a second post wiil be up in a few minutes to back up this 5 day with a 6 hours wave chart
Worst case $32K hasn't been re-tested either... that's a bit low but would like that price for a wick,
All of these could be flash wicks so set limit buys above with stop losses, in several small orders per level, just one limit order at $32-34K