EuroMotif

BAND.btc with the "Loudest" Ping in a long time: What a bounce!

EuroMotif Mod Updated   
BINANCE:BANDBTC   BAND / Bitcoin
Bitcoin pumped today and sucked the oxygen out of many alts.
Band fell hard and fast, but it bounced with a very loud Ping.
"Loud" as in a violent reflection that one could almost HEAR!

So was that the bottom so we can now continue the rocket ride higher?
Or has the bubble popped and this is the "Bull Trap" or Wave B bounce?
The "Key" resistance indicated will be first threshold to watch for clues.

If this bounce is just a "wave B" then it should reach at most that Key level.
If that was the entirety of the "dip" then it should easily surpass that Key level.
If we are to get a true ABC correction, then the gold fib below is a good target.

The fib extensions used are for what I call a "Golden Fib" explained here (click).
The term "Ping" is what I call an EXACT reflection, like sonar reflecting off a sub.
The rule is: "Not all pings start a Reversal, but Most reversals start with a Ping".
Comment:
No Resolution yet, just Range

Currently sitting on "Ideal Support" tried to bounce a couple times but failed at the next fib

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Zoom IN (15 min) for a closer look at the PRECISE acknowledgement of each fib, and some NOTES: What I thought would be the "Key resistance" was one fib too high.
The apparent Key Resistance is 134,688.
That Golden fib offering "ideal support" will not hold much longer.
Bulls need to put some distance between price and that golden fib.


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