TradingView
EuroMotif
Sep 4, 2019 5:52 AM

BTCUSD near term Support Zones: Bitcoin Retrace Watch 

Bitcoin / United States DollarCoinbase

Description

Bitcoin's latest surge may have reached a temporary peak.
Band 9 is often the end of strong moves and this looks like it.
Now we watch the retrace in order to measure the bull power.

10,350 should the Minimum pullback to be expected.
10,2xx is likely to be tested, perhaps a breach to 10,194.
10,1xx should be strong support with bulls looking to buy.

Loss of Band 4 (10k-ish) again would be devastating, bulls MUST defend.


Part of my ongoing Bitcoin analysis, been hitting every important turn (click):
(tight zones plotted)
(still possible)
(perfect bounce)
(early but valid)



<=Perfect TP

<=Perfect TP
<=6 wks ago


<=Perfect Entry

(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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Comment

Still marching up this Fib series, and still looking more Bullish than I expected


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