Quick plot of the correction to the bounce.
Looks like an ABCDE is forming, rather than a simple ABC.
4044 was a critical line in sand all along, a retest is almost 'needed'
This is another short term update to my bigger picture tracking of the bounce described below.
Background:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.
First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:
As it was being approached, I fined tuned the target a based on the downward momentum:
Getting closer, I started to see a bigger picture coming together:
As it bounced, I had hoped for a 4500-4700 peak:
But then 4425 came into focus as the big hurdle:
So here we are now, trying to gauge the retrace
Looks like an ABCDE is forming, rather than a simple ABC.
4044 was a critical line in sand all along, a retest is almost 'needed'
This is another short term update to my bigger picture tracking of the bounce described below.
Background:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.
First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:
As it was being approached, I fined tuned the target a based on the downward momentum:
Getting closer, I started to see a bigger picture coming together:
As it bounced, I had hoped for a 4500-4700 peak:
But then 4425 came into focus as the big hurdle:
So here we are now, trying to gauge the retrace
Note
And here we are, retest of 4044. Will it hold? Note
3950-70 looks like automatic now Note
well, at least each zone is being noticed and a reaction is happening, .
Note
ruh roh, 
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.
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.