My primary bullish
count had us in a wave 4. Now I have had to drop
back to my secondary count - that BTC
has done a 1-5 impulse move up (potential wave 1) and is now putting in a wave 2. The .618 now looks to be breaking but of course it could be bought back up. I would be waiting for a 4-6hour close under the .618 to really be assured of the fate of this fibonacci level. The last stand, in my opinion, will be the .786 region. This is a generally accepted place for a wave 2 to end.
Below this region, the ground's the limit!