BTC has a path to 10k, but will it follow the calling?
Atualizado
Part of my ongoing analysis of Bitcoin moves (see links below).
As mentioned in previous plots, 9k was going to be tough.
Also as mentioned, there was a stop hunt above that zone.
The 9.2k peak was logical buffer for shorts to keep their SL.
Interestingly, we did not get a "short squeeze" spike.
Which could mean bears are riding shorts without stops.
Or it could mean the dip is mostly bulls taking profit.
Structure wise, EW and Fibs indicate a wave 3 completion.
So now we look for wave 4 which should have an abc shape.
Wave 5 targets will depend on how deep wave 4 pulls back.
$ 8420-8450 is immediate support and expected to be pretty strong,
$ 8077-8135 is the ideal wave 4 target, with a well shaped abc ratio.
$ 7756-7806 is the LOWEST wave 4 should go if a wave 5 is yet to come.
**** 7449-7528 is CRITICAL. Bulls can NOT lose that one again. ****
.
Part of my ongoing analysis catching every turn (click the links below):
9k barrier Foretold
8k ReBag in HiRes
8475 Top Call <= Mapped within $5
Sub 7k Foreseen
Big Picture Fibs <= the 3 Fibs of Life
6432 Bounce Call
7450 Critical number <= Still Important
7800 Dump Warning
7080 Rocket Foreseen <= within 20 cents!
7860 Retrace Call
6850 Bounce plot <= exact Top AND Bottom hit
9k bounce call
14k target call <=Perfect TP
10k target call
7.5k bounce 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.
As mentioned in previous plots, 9k was going to be tough.
Also as mentioned, there was a stop hunt above that zone.
The 9.2k peak was logical buffer for shorts to keep their SL.
Interestingly, we did not get a "short squeeze" spike.
Which could mean bears are riding shorts without stops.
Or it could mean the dip is mostly bulls taking profit.
Structure wise, EW and Fibs indicate a wave 3 completion.
So now we look for wave 4 which should have an abc shape.
Wave 5 targets will depend on how deep wave 4 pulls back.
$ 8420-8450 is immediate support and expected to be pretty strong,
$ 8077-8135 is the ideal wave 4 target, with a well shaped abc ratio.
$ 7756-7806 is the LOWEST wave 4 should go if a wave 5 is yet to come.
**** 7449-7528 is CRITICAL. Bulls can NOT lose that one again. ****
.
Part of my ongoing analysis catching every turn (click the links below):
9k barrier Foretold
8k ReBag in HiRes
8475 Top Call <= Mapped within $5
Sub 7k Foreseen
Big Picture Fibs <= the 3 Fibs of Life
6432 Bounce Call
7450 Critical number <= Still Important
7800 Dump Warning
7080 Rocket Foreseen <= within 20 cents!
7860 Retrace Call
6850 Bounce plot <= exact Top AND Bottom hit
9k bounce call
14k target call <=Perfect TP
10k target call
7.5k bounce 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
Finally Playing Out.Looks like have a wave "C of 4" under way
Lets see where it lands. I am making measurements now to see what new Impulses/Ripples might be in play
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