EuroMotif

BTCUSD retrace watch 3: updated Bitcoin zones of interest

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Quick plot with adjusted zones , in follow up to previous analysis :
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Comments

@EuroMotif love your charts as always! Many are calling $400 price for BTC next year. Do you think it's probable? Also, as an expert in EW, do you see this drop from 6k as 12345? If yes, where did the wave 1 started? Thanks :)
Reply
@nnichos, thanks for your kind words. As for $400 BTC, I do not think that is probable, there is too much interest now from too many big players. As for the drop, I am seeing a 12345 that started with the 7400 drop, like this plot I am thinking a quick dip below 3k for capitulation/stop hunt, and that could be ;''the'' bottom.
+1 Reply
EuroMotif EuroMotif
@EuroMotif, Also notice the relevance of the Fib extensions from the 7400 impulse
+1 Reply
nnichos EuroMotif
@EuroMotif, thank you!!
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