EuroMotif

BTC journey back to 10k still on track: Updated Targets +Hurdles

EuroMotif Mod Updated   
COINBASE:BTCUSD   Bitcoin
Follow up to my previous plot Calling for 8.2k to 10k w5 (click).

Fine tuned some zones from previous plot above.
Wave 4 looks to have completed just as planned.
Now starting wave 5 off to a pretty good start.

8577-8623 is Immediate Resistance which may cause a pullback.
8975-8027 is MAJOR resistance as we all know, risk of double top.
9378-9431 is the Minimum expected, as a stop hunt above 9.2k.

9716-9726 is my Best Guess for the final target of this wave.

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Part of my ongoing analysis catching every key turn and giving early warnings (click the links below):
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.

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Comment:
Early Update

We have broken through "immediate resistance" and pinged the local 1.618
.

Zoom IN (15 min) for a closer look at that Ping Very clean and perfectly expectable.
BUT, this is the last possible stop for an ABC correction, instead of a 12345 Impulse.
So some caution here, this would be the perfect spot for a wave C down to start.

But on the other other hand, we have a good sign: that bounce off the top boundary of the zone (higher tf fib) is a great sign.
IF we proceed from here to surpass that green 1.618,
THEN we can be more confident in our targets.

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SJUMMARY:
- Early signs are good, still in sync with the plan.
- Currently at a Make-or-Break zone, still possible we go into a wave C down.
- 8625 is the Key support right now, if held we still remain as bullish


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Comment:
Ping

Just tested bottom of the "Major Resistance" zone
.

Zoomed IN (15 min) NICE. Hi on candle 8964, zone bound at 8974.68.
$10 out of 9,000! Close enough to call a PING!

This looks to have the momentum to break this resistance, but lets see.
That was quite a trek by bulls to get here, might need some rest before the BIG battle coming!

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Comment:
Still going strong and on track.

Fib of the bounce, slight pullback just pinged the green 2.236 If that was it for the dip, then 9.2k is easily next stop.

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Comment:
1st Target Hit


"Minimum Expected" target just hit After a picture perfect "stitching" of the previous resistance below.

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Zoom (1 min) for a closer look at that zone Very nice!

Beast Mode ON here, will probably ram thru it after a breather.

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