BTCUSD hit extended Target, now what? Bitcoin retrace watch 2
Bitcoin hit the extended target from my previous plot (click).
We now look to have completed a wave 3 with w4 pulling back.
Given the velocity of wave 3, we should see a decent wave 5 yet.
If correct, then wave 4 should be pretty quick (w2 took a while).
It is also possible that wave 3 is NOT done yet (but seems likely).
The Elliott wave paths are just guesses, but the zones are Solid.
10,498-533 looks like minimum retrace level.
10,322-350 would be quite acceptable for w4.
9947-9988 better NOT be approached but viable.
11,118-164 looks like a minimum (conservative) target for wave 5.
11,355-441 is likely (wide zone that I will narrow as price moves)
11,942-972 (ie 12k) is very possible if we get some FOMO action.
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Part of my ongoing Bitcoin analysis, been hitting every important turn (click):
9k bounce call (perfect bounce)
13k warning (early but valid)
12.4k Break
10.9k retrace
12k Impulse
12k target call <=Perfect TP
14k > 10k retrace
14k target call <=Perfect TP
10k target call <=6 wks ago
8.4k > 5.4k retrace
9.0k > 7.5k retrace
7.5k bounce call <=Perfect Entry
10k path laid out
3.1k bottom call (the EXACT 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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We now look to have completed a wave 3 with w4 pulling back.
Given the velocity of wave 3, we should see a decent wave 5 yet.
If correct, then wave 4 should be pretty quick (w2 took a while).
It is also possible that wave 3 is NOT done yet (but seems likely).
The Elliott wave paths are just guesses, but the zones are Solid.
10,498-533 looks like minimum retrace level.
10,322-350 would be quite acceptable for w4.
9947-9988 better NOT be approached but viable.
11,118-164 looks like a minimum (conservative) target for wave 5.
11,355-441 is likely (wide zone that I will narrow as price moves)
11,942-972 (ie 12k) is very possible if we get some FOMO action.
.
Part of my ongoing Bitcoin analysis, been hitting every important turn (click):
9k bounce call (perfect bounce)
13k warning (early but valid)
12.4k Break
10.9k retrace
12k Impulse
12k target call <=Perfect TP
14k > 10k retrace
14k target call <=Perfect TP
10k target call <=6 wks ago
8.4k > 5.4k retrace
9.0k > 7.5k retrace
7.5k bounce call <=Perfect Entry
10k path laid out
3.1k bottom call (the EXACT 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.
.
Comment:
Looks like wave 4 is well underway. Bullish bounce target: 532-547
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Comment:
Multiple Pings on the 2.618 of current leg down
the 2.618's always make their presence felt.
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Comment:
Sorry for lack of updates, been offline. So we have a breakout and retest of resistance
lets see if it holds and continues rise from here
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Comment:
"Likely" target hit
any further gains here will be in the FOMO style.
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Comment:
Fomo Target Hit
will we get a pullback? idk. Trade Wars flared up, stock markets crashing, so we might just keep going.
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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