Bitcoin bounced from $10.3 which happens to be .618 fib of that wave. It's now approaching $12.5 which is .236 fib and possible resistance AND where 1 of 2 scenarios could happen:
-SCENARIO A: BTC breaks through this resistance (which I THINK THIS IS THE LIKELY SCENARIO), it may make a move to 18.4K. -on the 4H, would like to see the MacD cross -the histo flip -Fib EMAs are still fanned out AND MAY fan out even more.
-SCENARIO B: If BTC shows resistance here it may fall to $9.3 (.786 fib)