Always consider the Monthly chart for Extremes!

24 May

1). Typically, Motive Waves go 100% of Wave 1, which is established using Fib.tool levels. 2). The Chart likely needs a pullback correction towards $100K for a long position entry. 3). The US$ appears to have a little steam remaining, which supports the deeper ABC Bitcoin correction lower. 4). Always consider where the price is during the Motive sequence, as in this case, it needs to complete a Wave 5, since the bottom of Wave 4 can be an excellent Buy entry! 5). Also, drop charting down to lower time frames for more detail. 6). And of course, the MACD supports my analysis! "Cheers & Good Luck, always!"

24 May

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25 May

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