EuroMotif

BTC.USD alternate plot with one more Leg UP before retrace

EuroMotif Mod Updated   
COINBASE:BTCUSD   Bitcoin
Alternative plot/count to my primary expectation posted here (click).

I think this is LESS likely path ahead, but has not been ruled out yet.
This pullback could be a wave 4 retrace and now starting the wave 5.
The requisite "ABC" of wave 4 is plausible, with the C being 5-part.

Reasons I think this is less likely:
- Wave 4 would have pulled back too far already to be strong bull.
- Wave 3 would not be very impressive, should be fast and furious.
- The entire bounce thus far "looks" more corrective than impulsive.

$ 7503 - 7512 (blue zone) is the KEY decision point, break below makes this path much less likely.
$ 7642 - 7656 (near red) is first resistance to look for clues, bulls want to shoot straight through it.
$ 7770 - 7744 could create a pullback to retest lower zone, still acceptable and bull if bounces there.

This is an UPDATE to my Bigger Picture which has been playing out very precisely:


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Part of my ongoing Bitcoin analysis, been hitting every important turn (click):
7860 Retrace Call
7650 Resistance Map
6850 Bounce plot
5882 critical number
8700 Top Call
21k possible target (still possible)
9k bounce call
14k target call <=Perfect TP
10k target call
7.5k bounce call
3.1k bottom call (EXACT 2018 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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Comment:
Looking at the bounce thus far, it appears to have "Rhythm" as in there is a fib sequence that fits it nicely.
This is the first thing I look for, in assessing the viability of a move.
A fib that fits does not tell me bull or bear, but serves as a "ruler" with which to measure the move.
And each Fib band is like an "inch" marker on that ruler.
Thus my goal is to find the "correct" ruler for each wave (some will have much bigger "inches", etc).

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