This is a V2 update to my previous chart.
REVISIONS
1. Wave 2 bottom
Moved the bottom of wave 2 to 10500TUSD, as this is the 61.8% fib retracement of wave 1.
2. Wave 2 length
In an EW Impulse wave, of wave 2 and 4 pullbacks one is a horizontal while the other is more vertical. Right now looks like we are in a horizontal as the market catches it's breath.
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BTCUSDT has hit it's first target of $5600. We take partial profits here in anticipation of a retrace to the bottom of the channel $5200 and to the strong support at $4800. Make sure you have free capital for a retracement! If BTC continues to move up the next obvious resistance is 6000-6100. Set targets for your remaining BTC at this point.
Our ETH Signal is...
