Updated

BTC retracing from 52.8k, support roadmap if dip is for real

Follow up to my big picture calling for 52.8k target (click).

Golden Genesis fib at 52,838 was certainly noticed if not a top.
The most LIKELY scenario is that we orbit this fib for a few days.
But is POSSIBLE that we have topped (for now) so look for supports.

$ 51,208-276 is first support and Strong Bulls would hold it.
$ 50,330-396 is Ideal retrace target to wipe out enough longs.
$ 47,900-48,090 is Critical Support, below which is much doom.

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Note

Retrace well underway now, fell thru the "Strong Bull" support

and looks headed to our "Ideal Retrace" zone.

Zoom IN (1min)

our "Strong Bull" zone around 51.2k is now resistance

Zoom IN more (15 sec)

reaction at 15.325 fib says to watch its sisters, so 51,276 above and 50,335 below current best guesses for next targets.

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Note

upper target hit

watching closely here

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Note

Proof in the pudding

EXACT fib-to-fib bounces, like electron valence levels, it MUST seek the next resonance node

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Note

Here is the full fib from the above snapshot:

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EuroMotif

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the Trading View is my Nation
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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag