BTC retracing from 52.8k, support roadmap if dip is for real
Updated
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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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 ==================================================================================================
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Note
Proof in the pudding ==================================================================================================
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Note
Here is the full fib from the above snapshot:==================================================================================================
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