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EuroMotif
Jul 5, 2019 6:36 AM

BTCUSD retrace watch UPDATE: Bitcoin to test 10.6k ? 

Bitcoin / United States DollarCoinbase

Description

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):


<=Perfect TP

<=Perfect TP
<=6 wks ago


<=Perfect Entry


(the EXACT bottom)


Comments
Jocoin
I think we got inverse H&S inside descending broadening wedge
buff0n
Retrace done. Was this Wave 2?
metza24
Thanks for the hard work:)
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