EuroMotif

BTCUSD why: 9k is tough, 9.5k may end wave, 9.9k still a target!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Part of my ongoing analysis of Bitcoin (see links below).

This plot shows two Fibonacci series in play since bottom.
Green set is from the very bottom based on start of wave 1.
Gold set is from the pseudo double bottom that built wave 3.

9.0k has a "Confluence of 2" fibs in close proximity which focuses the energy.
9.5k has a "Contend to End" fib as 5.618 is a common end of 5 wave structures.
9.9k has a "True Golden Ratio" fib whose strong gravity will continue to attract.

When will it correct then?
Where will it correct to?
Why will it correct at all?


If I knew those answers you would not be reading this.
So I am selling some at each line, buying back in lower.
But I remain on this train until the next station arrives.

Previous Bitcoin Analysis:
3.1k Bottom Call
9.0k Top Spotted
7.5k Retrace Call
8.7k Resistance


.

See some of my other plots and trade calls below.
I also plot Forex and Stocks, take a look at my profile page.

Currently in Play:
BTC path to 10k
LTC path to $150
EOS to Double Digits
ONE Re-Entry zones
WAVES ready to rock?
BNB Re-Entry zones
POA bottom watch
NANO Impulse Redux

Recent Achievements:
BTC bottom 3.1k (caught the EXACT bottom)
MATIC top Warning (caught the EXACT top)
NEO Rocket Launch (great entry, massive profits)
ETH breakout (instant Profits, no drawdown)
MATIC rocket (massive Profits, breakout entry)
ZRX breakout (massive Profits, short wait)
XLM breakout (massive Profits, instant Win)
ADA breakout (PERFECT targets, massive profits)
FET top warning (Top warning JUST in time)
DASH top (Top warning EXACTLY in time)

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.

.
Jun 15
Comment: Here we are at the 9k barrier, let the Battle begin
.
Jun 15
Comment: Close up of the action around the two critical fibs
Jun 17
Comment: Possible Top still held by bears
Zoomed in to see the EXACT Ping for the 5.618 and reaction And also apparent is the support zone of $9019 = 9046.

.
Jun 18
Comment: And so the dip continues after the Exact kiss of the green 5.618
Closer look at the last leg up shows a perfect 9.618 peak (often a move ender) Now lets see what the 4.236 or 4.618 does. Bounce from that Band 4 is expected if bull trend is to continue without losing momentum. Dip below Band 4 will reduce momentum for sure.

.
Jun 18
Comment: Nice action around the fibs
Zoomed in, the bounce was beautifully executed by a "Confluence of 2" Fibs
Lets see if this propels us to the final target from here or not. Keep in mind this "could" very well be "done" bit I think 9987.97 is coming, whether from here for from a deeper retrace is the only question for me.


.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Wealthy I am not
Needy I hope not
Gifts do help out

🙏 BTC 🙏
1Pi1dcYaueUSo2ufrdaQtHYivbcfu1W9LQ

send When you Can
send What you Want
gain Gratitude you Will

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