BTC coming in for a Landing? bottom looks to be in sight
Atualizado
Part of my ongoing analysis if Bitcoin movements (see links below).
Please hit the LIKE and leave comments below to encourage these posts.
Follow this IDEA for updates, follow ME to be notified of new Ideas as posted.
After a highly volatile week in all markets, most seem to finding equilibrium.
Bitcoin retrace thus far looks to be a "textbook" example, and thus scary perhaps.
If the uptrend is to continue, bulls can give up at most one more support if at all.
$ 8136-8205 is the Likely Target from my measurements.
$ 7700-7800 is the absolute lowest needed to keep uptrend.
$ 7275-7413 is panic zone, break below opens a large void.
.
My previous charts catching every turn and giving early warnings (click the links below):
10.2k Top call <= Safe easy Exit
10k Targetted
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
7800 Dump Warning
7080 Rocket Foreseen <= within 20 cents!
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.
.
Please hit the LIKE and leave comments below to encourage these posts.
Follow this IDEA for updates, follow ME to be notified of new Ideas as posted.
After a highly volatile week in all markets, most seem to finding equilibrium.
Bitcoin retrace thus far looks to be a "textbook" example, and thus scary perhaps.
If the uptrend is to continue, bulls can give up at most one more support if at all.
$ 8136-8205 is the Likely Target from my measurements.
$ 7700-7800 is the absolute lowest needed to keep uptrend.
$ 7275-7413 is panic zone, break below opens a large void.
.
My previous charts catching every turn and giving early warnings (click the links below):
10.2k Top call <= Safe easy Exit
10k Targetted
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
7800 Dump Warning
7080 Rocket Foreseen <= within 20 cents!
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
Not much to update :(Just oscillating between Fibs
So at least it seems to be adding credibility to the wave count.
.
Zoom IN (1h) for a closer look at that bounce again
So that was probably NOT all of wave 4.
So at this point I am leaning towards the "Green" path
enough room for an ABC to develop within wave (4).
.
IE:
Not much to report other than Green path looks most likely right now.
==================================================================================
Nota
Green path looking more and more Likely.Looks like it is painting an ABC into the Green 4
.
Zoom IN (5 min) to see the last bounce perfectly on a fib
.
SUMMARY:
- one more dip still likely based on wave structure.
- bounce looks to have ABC with 5-3-5 layout.
- adjusted zones make 9309 the INVALIDATION level
==================================================================================
Nota
Nice, ==================================================================================
Nota
Last Leg Up to end soon.I have posted a new Plot with fined tuned zones, to watch the possible end of Wave 4. Click on this image to open New Live Chart:
#######################################################################################
Nota
Wave 4 Completed.Looks like red wave 4 finished and w5 started
.
Zoom IN (13 min) to see why it fell short a bit
was anticipating the 6.618 at least.
.
Zoom IN more (3 min) for a closer look at the drop
1) five wave substructure implies a "wave 1 of 5"
2) purple fib is in control, with its 2.618 holding it down
.
SUMMARY:
- red wave 4 in original chart looks done.
- w4 fell short of target by a little bit, but close
- possible wave 1 (five part) of red 5 may be done
- wave 5 very likely under way.
==================================================================================
Nota
Market wide Dump continues.And what a wave 5 this far! Market Wide dump continues.
Now almost at the first possible target
.
Zoom IN (5 min) for a look at the drop this far
and indicates either 8230 or 8113.
Perfectly inline with original tagret.
That wee bit of a bounce ahead of targets is a decent sign of this wave slowing down.
=============================================================================================
Nota
( ( PING ) _=============================================================================================
Nota
1st Target holding thus far.Went kinda deep into the zone but we have a bounce
.
Nota
Another clean PIngMy lack of confidence in the bounce just above seems to have been justified.
We dropped to the lower "Uptrend at Risk" zone and got a nice ping
BUT, risk-off sentiment is very strong, and Oil dropped 20% at open!
Germans and UK stock markets were down 10% at one point.
US futures trading was halted after 5% drop, likely to continue in US session.
So it all comes down to the Monday NY session.
If they keep selling risk assets, btc will take another hit
If we get some good news and stocks bounce, THEN we might have a bottom here...
==================================================================================
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.