Bitcoin daily 10. mar 61.8% retracement

Zone 4 has been touched. It is wrapped around the 61.8% retracement level of intermediate wave 1.
Wave 2 should be over soon. The price can still spike into zone 4.

Description of the drawing usage:

All boxes in diagrams are congestion zones.
Grey boxes are congestion zones from the past. They are the footprints of a market. They act like magnets, making the price prone to revisit them, even in a bull market.
Present and possible future congestion zones are drawm as colored boxes.

Colored slanted lines are trend sections of various time frames.

Colored horizontal lines show when an equally colored trend section is completed for sure, once the price touches such a horizontal line. They are support and resistance levels.

Colored vertical lines which range from top to bottom of the chart mark the end of time frames. Once the price reaches them, an equally colored trend section must have completed already.
Time frames are shown as a scale of vertical lines on daily charts usually.