BTC FIB Macro Wave Analysis: Resistance 65000
Macro Wave 3 started @ 8000
Sub wave 3 of Macro Wave 3 started @ 9600
The two FIB graphs start at those respective levels.
I highlighted confluence between the two timeframes. The 1.272 extensions line up @ 63000-65000
The 1.414 extensions line up @ 80000
The 1.618 extensions line up @ 110000
I will be looking to scale out @ 65000 to hedge against altseason ending as BTC encounters resistance.
I will continue to scale @ 80000 if we do not reject 65000.
Ultimately, I am expecting:
1. BTC to macro top @ 65000
2. altseason ends in a month or so
3. BTC corrects to 40000s for Macro Wave4
4. Macro Wave 5 moves to 100000+
Sub wave 3 of Macro Wave 3 started @ 9600
The two FIB graphs start at those respective levels.
I highlighted confluence between the two timeframes. The 1.272 extensions line up @ 63000-65000
The 1.414 extensions line up @ 80000
The 1.618 extensions line up @ 110000
I will be looking to scale out @ 65000 to hedge against altseason ending as BTC encounters resistance.
I will continue to scale @ 80000 if we do not reject 65000.
Ultimately, I am expecting:
1. BTC to macro top @ 65000
2. altseason ends in a month or so
3. BTC corrects to 40000s for Macro Wave4
4. Macro Wave 5 moves to 100000+
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