BTC/USD - Where Are We Currently?
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Looking through the lens of a logarithmic scale printed onto a pitchfork, you can see we have already pushed past the 2.618 extension level based from the last major cycles movement and we are nearing the 3.618 extension while pushing through the median line of the pitchfork. I believe we are currently in a subset 5th wave of the larger 3 wave of this current's cycle movement. Regardless of how far this 5th pushes (these can be extremely extended waves in crypto due to FOMO) we are nearing a corrective 4 wave with each and every push IMO.
Nota
And so corrective 4 wave begins.Nota
Penafian
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