BTC retrace Update: Near Term Support zones in Sight

Quick post with updated support zones below current price.
No doubt we have a retrace in progress, and likely to continue.
Plotted are zones of confluence from fibs of many time frames.

$ 8636-8671 is my Best Guess for end of retrace.
$ 8448-8511 is a wide zone that should be very strong.
$ 8968-8995 is immediate resistance near 9k round number.

If you see blurry numbers, that is a TV rendering bug.
Click Here for a Snap Shot, hopefully with clear numbers.

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Previous Analysis of this volatlity:
Covid Crash Botom: $3850 Bottom Taggged <= Fib nailed it.
Bounce Update 1: $6950 top Plotted
Bounce Update 2: $5900 launch caught
Bounce Update 3: $6600 top Plotted
Bounce Update 4: $6200 Foreseen
Bounce Update 5: $7300 top retrace
Bounce Update 6: $6600 Bottom mapped
Bounce Update 7: $6800 launch caught
Bounce Update 8: $9335 breakout call
Pre-Halving Crash: $8106 possible Bottom <= Fib again.
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The Big Picture: "One Fib to Rule them All":

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My older charts catching every key turn and giving early warnings:
Mar 06, 2020: 9.2k Top Call
Feb 13, 2020: 10.5k Top call
Feb 10, 2020: 9.7k Bounce <= mapped within $10
Feb 08, 2020: 10k Targetted
Jan 17, 2020: 9k barrier Foretold <= Warning in Time
Jan 07, 2020: 8475 Top Call <= Mapped within $5
Jan 01, 2020: Sub 7k Foreseen
Dec 29, 2019: Big Picture Fibs <= the 3 Fibs of Life
Jun 02, 2019: 14k target call <=Perfect TP
May 12, 2019: 10k target call
Dec 03, 2018: 3.1k bottom call <=EXACT 2018 bottom

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My "Book" detailing my Methodology with Numerous Examples:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only

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Comment:

( ( Ping ) )

1st good support tapped. Lets see if it holds.

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Comment:

Early Post-Mortem Look

Firstly, that Ping was EXACTLY on the red 9.236

OK, off by 49 cents! I am in AWE here, as always no matter how many times that happens.

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Isolating that 9.236 fib, but this time in blue for easier viewing

The Pings are beautiful.
This fib is what I call the "Pulse" fib.
Pulse as in it sets the increment of movement.
Like a ruler, only its "inch" length is calibrated to this particular wave.

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Next, put a "Wave" Fib on it (green)

The Pulse fib (blue) is folded on the left for reference.
On the Wave fib (green) we see some good pings, but the 2.618 has not been tested (yet?).
Sometimes a correction ends at the 2.236, but this one has gone past it.
And currently it is struggling to get back above teh 2.236 even.
So it is likely that we hit the 2.618 at some point.

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Further, lets see whats after the 2.618

3.618 and 4.236 are common wave end points.
So what happens at the 2.618 (if hit) will be key evidence as to whether we go lower or not.

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Next, placing that Green Wave Fib on our existing roadmap:

Same 3.618 and 4.236 pointed out.
Now we have a couple of zones of interest.
Not sure it will go there, but if it DOES, we will be READY.

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SUMMARY:
- Got a "Loud" Ping at expected support.
- It is plausible correction is done, but NOT likely.
- Expect at least a 2.618 test ($8595), or likely 3.618 ($80xx) or 4.236 ($775x)
- All in all am leaning towards a deeper correction.


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