Updated

BTCUSD retracing finally due to FUD: Bitcoin retrace watch 2

So there we have it, the retrace we all knew was coming, is underway.
The spark was Tether FUD again, amazingly well timed at the Tippy-Top.
Historically, FUD launched at tops comes in 3 rounds, or at least 2 events.

Thus we can imagine an ABC correction as prescribed by Elliott.
Perhaps as we near resistance, another bad-news event will hit?
Or maybe bag holders from 8400 will relief-sell with smaller loss.

6390-6480 may well hold after one more small leg down.
5840-5880 seems likely if there is another FUD bomb.
5284 needs to hold, or uptrend will be at risk.

Golden Fib at 4914 has better NOT be tested!
I still think we are headed to 10k after retrace.
it is just a question of how deep it will dip first.

My path to 10k was plotted several days ago, and my view not changed:

BTCUSD has a Golden Ticket to 10k ? Bitcoin has PERFECT growth

Note

Ping

We are a very important fork in the road here per this plot. Was that a wave 4 that is ending? or retrace was done and we break through? My EW is not so good. But my Fibs in this plot are proving to be Exact, like tears in the Space-Time cointuum where all force/energy/matter has to recognize, react, and re-engage if determined enough.

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Note

Ping.... Ping.. two this on the 1.764

wow, to the pixel!!!

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EuroMotif

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

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EuroMotif

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