If wave (iv) only retraces up to the 23.60% fib retracement level, then the impulse wave (v) could come next.
Support levels for the possible wave (v), wave 5, and wave (C) are shown by the labeled fib extensions.
Bigger picture here:
The fib extensions for the possible wave (v) are only viable if wave (iv) doesn't retrace more than the 23.60% retracement level.
A bullish sign would be if BTC retraced into wave (i)'s territory.
Support levels for the possible wave (v), wave 5, and wave (C) are shown by the labeled fib extensions.
Bigger picture here:
The fib extensions for the possible wave (v) are only viable if wave (iv) doesn't retrace more than the 23.60% retracement level.
A bullish sign would be if BTC retraced into wave (i)'s territory.
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