EuroMotif

BTC.USD headed to $8500 again? Bitcoin has one more leg to drop?

COINBASE:BTCUSD   Bitcoin
Quick plot to map some upcoming support zones for possible bounce.
Also, we now have massive resistance above from various fibs and MA's.
Where it bounces from, and how that bounce behaves will be critical.

8740-8754 is immediate support likely to break.
8591-8608 is the minimum expected drop zone.
8530-8548 seems the most likely target to hit.


Part of my ongoing Bitcoin analysis, been hitting every important turn (click):
8.7k Retrace Target
21k possible target (still possible)
9k bounce call (perfect bounce)
13k warning (early but valid)
12.4k Break
12k target call <=Perfect TP
14k > 10k retrace
14k target call <=Perfect TP
10k target call <=6 wks ago
8.4k > 5.4k retrace
7.5k bounce call <=Perfect Entry
10k path laid out
3.1k bottom call (the EXACT 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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