On the 1 hour chart, we may be in the last leg of the 3 elliot wave correction that will bring us to either the 61.8 level (0.00000829) or lower to the 78.6 level (0.00000785). If we approach the 61.8 level, I would be hesitant to enter for a long position. The best entry point would be the 78.6 level. Supporting this idea, the BTCUSD chart looks like it is headed down more as its fibonacci 78.6 level is at $26,451 ish on the 1 day chart. We shall see.
SHIBUSD
SHIBUSD
Comment:
We have hit the 61.8 level
Comment:
still looking good