EuroMotif

BTC.usd approaching KEY Resistance zones: Bitcoin could pullback

EuroMotif Mod Updated   
COINBASE:BTCUSD   Bitcoin
Quick post to map important resistance zones nearby.

Quite a bull run after bouncing from a strong Fib Confluence.
Whether it is driven by the Iran crisis, or follow Gold, who knows.
But what we do know is WHERE to be cautious with our capital.

$ 7780-7806 is immediate resistance and should be "Pretty Strong".
$ 7875-7885 is next, and "Possible End of Wave" requiring retrace.
$ 8099-8135 will be "VERY STRONG", maybe a stop hunt above 8k.


Part of my ongoing Bitcoin analysis, catching every key turn (click):
Sub 7k Foreseen
Big Picture Fibs <= the 3 Fibs of Life
6432 Bounce Call
7800 Dump Warning
7080 Rocket Foreseen <= within 20 cents!
7450 Critical number <= Still Important
6850 Bounce plot
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.

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Comment:
Oops, bad placement of Callout

Just realized that my call out "Possible End of Wave" is blocking the price action. Here is the overview with that text box opaque
.

Zoom IN (5min) To show that the Green Fib series is still has strong influence
And it is that Fib's 4.236 that is the core of the next Resistance zone
So $8121.86 should be the target, assume we get past the sell walls at 8k round.

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