BTC not done just yet. currently riding up on fibs

There has been a lot of argument around whether BTC is currently on a larger downtrend and in a B wave, or beginning a new cycle in wave 1.

Either way BTC has been riding the .75 fan fib support line for some time in an ascending triangle.

This looks to continue for some time yet, but keep an eye out for fib support breaks and the beginning of retrace of corrective wave.

Kommentera:

Support has dropped to next fib.

see updated chart.

ascending channel may remain if the current bounce continues

Watch for new support line break and bounce from previous resistance line