BTC in citical zone between supports and resistances. There are multiple layers of resistance just above. Consolation zones produced many layers of fibs.
There is a lot of open space just above the reistance zones. Bull will need a strong spike to blast through them all again. More likely will be a slow crawl up, then one more leg down.
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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We have had a test of the first resistance zone above, exactly where anticipated
Zoomed in we see first a pierceding and then an EXACT rejection from the $8406 line That exact rejection on second push should be of concern for bulls....
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these two support fibs are getting tired , red 3.326 in particular need to get above $8400 asap
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Wave "C" now under way. B went to the extended but bearish resistance, and clearly rejected. 81xx stil looks likely ...