Quick plot with updated zones based on pullback thus far.
Overall, the retrace has been proceeding roughly as expected.
However, given the clear Impulse down, it might continue further.
10.9k may have been end of retrace, but seems unlikely.
10.7k can be the minimum expected target of this wave.
10.6k seems likely to be tested for a complete wave down.
11.1k is the current support that is struggling.
11.3k could be reached before next big wave down.
11.4k break would invalidate the lower low scenario.
Part of my ongoing Bitcoin analysis (click):
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
10k final Leg
3.1k bottom call (the EXACT bottom)
Overall, the retrace has been proceeding roughly as expected.
However, given the clear Impulse down, it might continue further.
10.9k may have been end of retrace, but seems unlikely.
10.7k can be the minimum expected target of this wave.
10.6k seems likely to be tested for a complete wave down.
11.1k is the current support that is struggling.
11.3k could be reached before next big wave down.
11.4k break would invalidate the lower low scenario.
Part of my ongoing Bitcoin analysis (click):
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
10k final Leg
3.1k bottom call (the EXACT bottom)
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
