BTCUSD retrace watch: Bitcoin correction scenarios

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
We topped where expected (see below) then dropped hard as usual.
Usually a strong wave leads to another wave(s), thus an ABC correction.
Three current possibilities are show, my preference being the middle one.

This is a SLIGHT chance that we have completed the retrace already.
That drop brought us exactly into a strong support zone .
Hit play on Idea below, and notice where the drop stopped.
That drop MIGHT have been wave 4 and starting wave 5 now.

This is a followup to my Top call at 4150-4200:

Prior to that, I was calling for a 3400 bottom:

And thusly found bottoms and tops all the way back to my 7400 top call:

Comment: In the very short term, I am looking for this 5 wave move which would be on leg of the bigger wave C plotted above

Comment: Making some progress

Close up shows that the red 2.618 was indeed formidable resistance Also shows that the red 4.0 was the bounce fib. So now watching the 3.0 for resistance.
Comment: Last drop pretty much cancelled. But now back to the 2.618 as resistance
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Wealthy I am not
Needy I hope not
Gifts do help out


send When you Can
send What you Want
gain Gratitude you Will
Excellent Euro !!
thanks for your light :)
EuroMotif Mysticeti
@Mysticeti, Thanks and you're welcome!
Best of luck with your trades, at least we have some volatility again!
Mysticeti EuroMotif
@EuroMotif, I was trying to catch a short around 3880 before the drop of this afternoon after 3850 but it may not go this high from now then I have to reconsider my entry. this is why I am greatfull for you post just on time ))
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out