BitcoinUpdated BTC watch 90 then 85k: Targets for the well foreseen Retrace
BTC peaked at a wave end point projected by our fibs.
Retrace progressing with speed and very few bounces.
Adding a retrace fib gives us a few key targets below.
$ 88,976 - 90,177 is the Minimum Expected dip.
$ 84,686 - 85,714 is the Strongest support below.
$ 80,438 - 81,289 Speed Bump only, unlikely to hold.
$ 77,179 - 77,672 is a MUST-Hold for bulls or its "ova".
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Previous Analysis:
Big Picture projection of 97.8k break and run to 105k
Near term warning of possible top at $104-105k
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Retrace progressing with speed and very few bounces.
Adding a retrace fib gives us a few key targets below.
$ 88,976 - 90,177 is the Minimum Expected dip.
$ 84,686 - 85,714 is the Strongest support below.
$ 80,438 - 81,289 Speed Bump only, unlikely to hold.
$ 77,179 - 77,672 is a MUST-Hold for bulls or its "ova".
================================================
Previous Analysis:
Big Picture projection of 97.8k break and run to 105k
Near term warning of possible top at $104-105k
==================================================================
Trade active
BOING
Hit our "Minimum" expected target and bounce STRONG.
.
Zoom in (m5) with some notes
Bounce was off the red 4.236 as expected.
So good chance this particular wave is done.
But ALAS, major hurdle going into 97.5-97.8k.
.
SUMMARY:
- Bounced PERFECTLY from our Minimum target.
- Now watching 97.8k as a major hurdle next.
- First dip wave done but we might get another dip.
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.