BTCUSD made a nice pullback in the last few days, down to 5000/5200 area where we were looking at some important Fib. levels that limited downside within a fourth wave correction. More important that zone was old swing high from September; a strong level that was retested and turned into a support. We see a nice reaction up now which indicates that fifth wave can be in play now for targets at 6000-63500.
GH
GH
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Bitcoin pushing prices higher guys, but not sure if we got straight to 6k..keep a ne ye on 5528. GH
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Bitcoin has just hit 6000 as we projected! More upside after pullback?! Keep in mind that we are in 5th wave, so upside can be limited!
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Bitcoin just bounced from 6200, as we projected as our first potential top of 5th wave at 161,8% extension of wave 4! We can also clearly see five waves up in fifth wave, so I would not be surprised if we see some bigger decline here. I'm of course out of longs. There's one more thing some ALTS/BTC looking also for bottoms! We see 5100 level and 38,2% as a strong support! If it breaks lower, then we could face collapse.
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Bitcoin hit our projected levels and it seems that deeper prices can now be coming based on recent activity; 5600 can be next level
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