EuroMotif

BTCUSD headed to 4200 after retrace? Bitcoin has some Momentum

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Nice bounce in all Crypto assets!

The move appears to have some momentum.
Each of the Dark Green Fib lines are 1.618x the previous.

This a followup to my bottom call at 3600:

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Background:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.

First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:


Getting closer, I started to see a bigger picture of a 4 wave impulse that started with the 7400 drop:


As it bounced, 4425 came into focus as the big hurdle:


Zooming back out to the original large 5 wave impulse, targets were in sight again:


Then we had a strong bounce with perfect 12345, which I expected to top at 3800-3900

As the bounce progressed, a top and new bottom came into sight:

Now that we hit that 3600 target and bounced hard, I am seeing one more leg up


Comment: All zones still valid and exactly so now just needs to find a direction. I still think up, above 4k.
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Comment: Still bouncing around between the Fib zones
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Comment: Retrace ran a little deeper than expected. But now awe are back and contesting the first Resistance zone
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BTCUSD H1 C UP. Checkout the idea detail's and update's fpr the complete picture.
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Was that the retrace to 3800?
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Your idea matches exactly what I had in mind. Hope it plays out!
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@Xzhi, Nice, lets keep our fingers crossed, watching the retrace right now
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Thanks for your analysis. Do you expect retrace?
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@S65AMG, Yes, I am expecting a retrace, UNLESS bulls break and hold 3929 gdax per this long term fib set
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Are you manually plotting the fibs or are you changing something with pivots?
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@ant187, I manually plot the Fibs. I use the Fib ''retracement'' tool only I set all the extensions in its settings. I could use the ''Fib extension'' tool but I prefer to pick just two points: the first push that starts the ripples
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ant187 EuroMotif
@EuroMotif, Gotcha alright, I always see you pop up with the fibs, wasn't sure if you had found a way to do it automatically or not, thanks!
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