EuroMotif

BTC.USD near term possiblities: Bitcoin starting a Retrace

EuroMotif Mod Updated   
COINBASE:BTCUSD   Bitcoin
Quick plot to map two possible pathways of the requisite retrace.

The 5-wave move up was perfectly tuned to this fib series.
The retrace is not clear thus far, but likely to follow the fib.
Either path if followed, would still paint a bullish retrace.

8464 would be strongest Bull bounce for wave A end and B start.
8406 seems more likely as the x.236 are more often retrace targets.
8300 or 8100 are possible as final targets for wave C completion.

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Part of my ongoing Bitcoin analysis, been hitting every important turn (click):
8.7k Top Call
10.2k Resistance plot (tight zones plotted)
21k possible target (still possible)
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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Comment:
So we look to have completed the wave A and now ending wave B maybe.
This little bounce (on 1min) for possible "wave B" does have some fib legs though
but the 3.618 might end the wave, or the 4.1236 at $8632 prolly will


Zooming OUT a bit to include the higher tf Fib of the wave up:
We have a well defined resitance zone with TWO layers, for possible wave B end.
Comment:
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We have just hit the origiinal fib line, the blue 5.618 at $8616 This is the moment of Truth!

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Comment:
So here we are, after a Bull Trap and then dump, back to where we should have tested anwyay.
But they just had to get some longs trapped will above I guess :(

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