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EuroMotif
Jul 13, 2019 10:20 PM

BTCUSD to retest 10.2k or lower? Bitcoin Retrace Watch 3 

Bitcoin / United States DollarCoinbase

Description

Quick plot to map nearby Support and Resistance zones.
Bigger picture looks to be ABC's in a sideways correction.
Many small upward Impulses spotted but no follow through.

10,6xx should be expected.
10,3xx is likely to be tested.
10,2xx looks juicy for bounce.

11,4xx break invalidates most of it.

Part of my ongoing Bitcoin analysis (click):
(early but valid)



<=Perfect TP

<=Perfect TP
<=6 wks ago


<=Perfect Entry

(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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Comment

Solid Ping on the "Minimum Expected" zone
Lets see if it holds (or maybe how long it holds is more like it)....

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Comment

Here we are, at "Bulls Last Stand"


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Comment

Nice double Ping on the Last Stand Zone
looks like it will break lower yet, but one cant say the Fibs did not give Bulls every chance ....

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Comment

Bounce looking decent thus far, but needs to get past 10,363 to be a believable bottom


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Comments
BitcoinCensus
I think 10,600 is the current bottom and we just came so close that we might not touch it at all. See my chart for my analysis on this.

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