BTC at/near a "Top"? Bitcoin Crash Preparedness Guide + Road Map
Atualizado
Update to my ongoing analysis of Bitcoin movements (see links below).
Bulls hit all "respectable" targets for a complete Impulsive wave.
But it seems they are going for the "impressive" targets yet above.
Bears look to have "retreated" to higher grounds to wait for attack.
This move was deployed with PERFECT structure for a 12345.
And we all know what comes after such a wave, an ABC retrace.
IF wave 5 has NOT ended, then it will LIKELY end around 9750.
I realize the chart has numerous lines/zones.
Throw enough lines on it and "some will hit", right?
But each offers a clue as to velocity and momentum.
Use this map to be prepared for the inevitable retrace.
We all know that most BTC retraces resemble CRASHES.
So instead of a "deer in headlight" moment, be ready.
~ 9250 is a Strong Bull support, perfect launchpad to ~9750
~ 8340 would be an Average retracement level for the ABC
~ 7900 would be rather Bearish, making new highs less likely.
.
My previous charts catching every key turn and giving early warnings (click the links below):
9.4k focussed target
8.2k to 10k wave 5
9k barrier Foretold <= Warning in Time
8k ReBag in HiRes
8475 Top Call <= Mapped within $5
Sub 7k Foreseen
Big Picture Fibs <= the 3 Fibs of Life
7450 Critical number <= Still Important
7800 Dump Warning
7080 Rocket Foreseen <= within 20 cents!
6850 Bounce plot <= exact Top AND Bottom hit
14k target call <=Perfect TP
10k target call
3.1k bottom call <=EXACT 2018 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.
.
Bulls hit all "respectable" targets for a complete Impulsive wave.
But it seems they are going for the "impressive" targets yet above.
Bears look to have "retreated" to higher grounds to wait for attack.
This move was deployed with PERFECT structure for a 12345.
And we all know what comes after such a wave, an ABC retrace.
IF wave 5 has NOT ended, then it will LIKELY end around 9750.
I realize the chart has numerous lines/zones.
Throw enough lines on it and "some will hit", right?
But each offers a clue as to velocity and momentum.
Use this map to be prepared for the inevitable retrace.
We all know that most BTC retraces resemble CRASHES.
So instead of a "deer in headlight" moment, be ready.
~ 9250 is a Strong Bull support, perfect launchpad to ~9750
~ 8340 would be an Average retracement level for the ABC
~ 7900 would be rather Bearish, making new highs less likely.
.
My previous charts catching every key turn and giving early warnings (click the links below):
9.4k focussed target
8.2k to 10k wave 5
9k barrier Foretold <= Warning in Time
8k ReBag in HiRes
8475 Top Call <= Mapped within $5
Sub 7k Foreseen
Big Picture Fibs <= the 3 Fibs of Life
7450 Critical number <= Still Important
7800 Dump Warning
7080 Rocket Foreseen <= within 20 cents!
6850 Bounce plot <= exact Top AND Bottom hit
14k target call <=Perfect TP
10k target call
3.1k bottom call <=EXACT 2018 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.
.
Nota
Making Serious Progress nowTook on last dip and started taking off
.
Zoom IN (1H) shows the importance of the Green 4.618
But looks likely to reach target if not higher.
.
Zoom IN more (8 min) and putting a fib on the last leg up
Pulse as in the minimum increment of movement.
.
Zoom OUT (15 min) and add that blue fib to our original chart
Moving fast now, gotta get back to it!
Will update after the part is over :)
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Nota
Target Hit!Glorious finish with power full 4h candles
.
Zoom IN (21 min) to see the Ping on 9.236 of the Pulse Fib just above forecast resistance zone
.
"9 to 5" is not just a Dolly Parton song
.
So lets see how this goes, I am NOT sure we have topped, but think LIKELY it has....
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Nota
Early Retrace WatchNow to see which of these green zones reacts and in what manner
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