Quick plot to map nearby Support Zones.
BTC completed a 5-wave Impulse move per my last plot.
We might now be painting the requisite ABC correction.
The plotted EW is a guess, but am confident in the zones.
It is possible that the green 3.618 will bounce it.
Also, green 3.236 near blue 1.618 should react well.
Most likely is a retrace to around wave 4 end point.
11.4k bounce would the most Bullish scenario.
11.1k test should be the most Likely scenario.
10.9k test would be the lowest Acceptable bull.
Part of my ongoing Bitcoin analysis (click):
12k Impulse map
12k arget call
14k > 10k retrace
14k target call <=Perfect
10k target call <=6 wks ago
8.4k > 5.4k retrace
9.0k > 7.5k retrace
7.5k bounce Call <=Perfect
10k path laid out
10k final Leg
3.1k bottom call (caught the EXACT bottom)
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
BTC completed a 5-wave Impulse move per my last plot.
We might now be painting the requisite ABC correction.
The plotted EW is a guess, but am confident in the zones.
It is possible that the green 3.618 will bounce it.
Also, green 3.236 near blue 1.618 should react well.
Most likely is a retrace to around wave 4 end point.
11.4k bounce would the most Bullish scenario.
11.1k test should be the most Likely scenario.
10.9k test would be the lowest Acceptable bull.
Part of my ongoing Bitcoin analysis (click):
12k Impulse map
12k arget call
14k > 10k retrace
14k target call <=Perfect
10k target call <=6 wks ago
8.4k > 5.4k retrace
9.0k > 7.5k retrace
7.5k bounce Call <=Perfect
10k path laid out
10k final Leg
3.1k bottom call (caught the EXACT bottom)
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
Note
BTC has all the makings of an ABC structure in progress .
Note
Secondary target hit, lets see if it holds .
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.