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.
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My previous charts catching every key turn and giving early warnings (click the links below): <= Warning in Time <= Mapped within $5 <= the 3 Fibs of Life <= Still Important <= within 20 cents! <= exact Top AND Bottom hit <=Perfect TP <=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.
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Making Serious Progress now
Took on last dip and started taking off Dip did not even touch the "w5 done" zone.
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Zoom IN (1H) shows the importance of the Green 4.618 This could STILL end the run! But looks likely to reach target if not higher.
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Zoom IN more (8 min) and putting a fib on the last leg up This appears to be the "Pulse" fib. Pulse as in the minimum increment of movement.
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Zoom OUT (15 min) and add that blue fib to our original chart Looks like 9721 is the magic number!
Moving fast now, gotta get back to it! Will update after the part is over :)
I had it same, but dont like the ((1)) (6400-7700)Because it can be marked asi 1-5 or ABC (I prefer ABC as more likely). So it means we are doing corrective waves UP. Maybe in HUGE triangle ;)