EuroMotif

BTC wants to test 10k but might have Topped already?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Update to my Previous Analysis targeting 9750 (click).

We hit the 9750-9800 target EXACTLY in the last plot above.
At that time I was rather confident 9800 would be the top.
But lack of pullback and wave structure says one more leg.

It is quite PLAUSIBLE that all five waves have completed.
It is more LIKELY to see a final push to test 5-digit lands.
It is also POSSIBLE that we breach and spike above 10k.

9727 - 9768 is the "Decision Zone" where it may linger longer.
9975 -10015 is first Break Out Target, should be a quick hop.
10,125 -182 is Final Target, perhaps a Stop Hunt above 10k.

.

See previous charts catching every key turn and giving early warnings (click the links below):
9.8k extended Target
9.4k focussed target
8.2k to 10k wave 5
9k barrier Foretold <= Warning in Time
8k ReBag in HiRes
8475 Top Call <= Mapped within $5
Sub 7k Foreseen
Big Picture Fibs <= the 3 Fibs of Life
7450 Critical number <= Still Important
7800 Dump Warning
7080 Rocket Foreseen <= within 20 cents!
6850 Bounce plot <= exact Top AND Bottom hit
14k target call <=Perfect TP
10k target 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.

.
Comment: 1st Target Hit

10k again. Zoom on that target zone from above Tighter than a flea's u-no-what!

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Comment: Updated Resistance Map

Upper target with additional fib of this last leg up
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Comment: Why 10125 and 81 cents? No idea! but the Fib said it would be important.

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Comment: Boom

Target was spot on, and we got a flash dip right back to the "Decision Zone" watching closely, this could be the start of a deeper correction.

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the Trading View is my Nation
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Related Ideas

Comments

Always love to hear your thoughts man
+1 Reply
EuroMotif texagg22
@texagg22, Thank you! and I yours.
Reply
Outstanding analysis. Saw you on the chatroom last night and took your 10,125 and made a sell on a 9300 buy. Thanks so much
Reply
What's next? Where do you think price is heading next.

Chart was spot on! Great work as always!
Reply
@EuroMotif , lovely analysis. Anyway currently low volume uprise, following the vibe of fib. Can’t wait to hear your next update. Thanks
Reply
EuroMotif PanicWhale
@PanicWhale, Hi, thanks for your kind feedback.
As for what next, I am expecting retrace but no signs of it yet.
Once a retrace does start, I can start making measurements on the retrace waves, and try to project a target.
Also,I had posted a "Crash Preparedness Guide" at the link below. All of those support zones should still be valid...
Reply
PanicWhale EuroMotif
@EuroMotif, just retrace and definitely.. panic is my middle name.. lol
Reply
Nice! I'm hoping for a pull back

Reply
@EuroMotif wave 3 is smaller than wave 1 and wave 5 terminated below 100% of wave 3 currently BTC is making a triangle correction
Reply
UNBEEFABLE UNBEEFABLE
beauty of elliot wave it topped 0.5 cents below 100% of wave 3
Reply
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