This is an update to my ongoing analysis of BTC moves. We came very close to hitting my last target of $9019. That push looks like a wave 3, now in w4, w5 to come.
So far the Beast has been defying all retrace plots. It may well do same again, if 8612 holds and goes. If 9k is broken, we could see a blow off top to 9.3k
Previous Analysis (click):
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See some of my other Charts and Trade calls below. I also plot Forex and some Stocks, check my profile page.
(caught the EXACT bottom)
(perfect entry and targets)
(instant Profits, no drawdown)
(massive Profits, breakout entry)
(massive Profits, short wait)
(massive Profits, instant Win)
(PERFECT targets, massive profits)
(Top warning just in time)
(Top warning EXACTLY in time)
(Early warning for Top)
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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Perfect Ping on the $8509 line. but probably will not hold, so watching the 8419 zone
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As expected, we have hit the strong support zone around 8400, but only grazed the top of it. The key fib in there is at 8419. Lets see what we do now ...
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So far so good. Bounced past the green 1.618, and look to be establishing as support now. That is a key line-in-sand now.