BTC coming in for a Landing? bottom looks to be in sight

Part of my ongoing analysis if Bitcoin movements (see links below).
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After a highly volatile week in all markets, most seem to finding equilibrium.
Bitcoin retrace thus far looks to be a "textbook" example, and thus scary perhaps.
If the uptrend is to continue, bulls can give up at most one more support if at all.

$ 8136-8205 is the Likely Target from my measurements.
$ 7700-7800 is the absolute lowest needed to keep uptrend.
$ 7275-7413 is panic zone, break below opens a large void.

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My previous charts catching every turn and giving early warnings (click the links below):
10.2k Top call <= Safe easy Exit
10k Targetted
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
7800 Dump Warning
7080 Rocket Foreseen <= within 20 cents!
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:

Not much to update :(

Just oscillating between Fibs

BUT, this is typical of a Wave 4.
So at least it seems to be adding credibility to the wave count.

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Zoom IN (1h) for a closer look at that bounce again

Not much of an ABC structure in there.
So that was probably NOT all of wave 4.

So at this point I am leaning towards the "Green" path

which would lend itself nicely to EW.
enough room for an ABC to develop within wave (4).

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IE:
Not much to report other than Green path looks most likely right now.

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Comment:

Green path looking more and more Likely.

Looks like it is painting an ABC into the Green 4

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Zoom IN (5 min) to see the last bounce perfectly on a fib

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SUMMARY:
- one more dip still likely based on wave structure.
- bounce looks to have ABC with 5-3-5 layout.
- adjusted zones make 9309 the INVALIDATION level

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Comment:

Nice,

time for that last leg up

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Comment:

Last Leg Up to end soon.

I have posted a new Plot with fined tuned zones, to watch the possible end of Wave 4. Click on this image to open New Live Chart:

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Comment:

Wave 4 Completed.

Looks like red wave 4 finished and w5 started

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Zoom IN (13 min) to see why it fell short a bit

looks like the purple 6.236 was the top.
was anticipating the 6.618 at least.

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Zoom IN more (3 min) for a closer look at the drop

which leads to two observations:
1) five wave substructure implies a "wave 1 of 5"
2) purple fib is in control, with its 2.618 holding it down

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SUMMARY:
- red wave 4 in original chart looks done.
- w4 fell short of target by a little bit, but close
- possible wave 1 (five part) of red 5 may be done
- wave 5 very likely under way.


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Comment:

Market wide Dump continues.

And what a wave 5 this far! Market Wide dump continues.
Now almost at the first possible target

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Zoom IN (5 min) for a look at the drop this far

Parabolic fib captures it quite well.
and indicates either 8230 or 8113.
Perfectly inline with original tagret.

That wee bit of a bounce ahead of targets is a decent sign of this wave slowing down.

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Comment:

( ( PING ) _

You could almost HEAR that one.

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Comment:

1st Target holding thus far.

Went kinda deep into the zone but we have a bounce

Not very confident in this bounce yet, let see.

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Comment:

Another clean PIng

My lack of confidence in the bounce just above seems to have been justified.
We dropped to the lower "Uptrend at Risk" zone and got a nice ping

Normally I would say this is very likely the bottom.
BUT, risk-off sentiment is very strong, and Oil dropped 20% at open!
Germans and UK stock markets were down 10% at one point.
US futures trading was halted after 5% drop, likely to continue in US session.

So it all comes down to the Monday NY session.
If they keep selling risk assets, btc will take another hit
If we get some good news and stocks bounce, THEN we might have a bottom here...

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