RLC moves with high amplitude waves. ABC retrace looks perfectly completed. 123 of new 5 wave impulse is of interest.
$ 8.0 is the key support. SL just below. $ 9.5 is the key resistance to break and run. $ 15 would be a good target to shoot for.
Bitcoin is retreating, so a "risky" entry against the tide. If we get w3, then targets for 4-5 can be calculated. I will try to post updates as price action progresses.
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I do not use "Fibs" in the "traditional" manner (retracements). I use Fibs to plot "Ripples" (extensions) created by "Impulses". Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts: Chapter 1: Chapter 2: Chapter 3: Chapter 4: Chapter 5: Chapter 6: Chapter 7:
Hey...this makes me feel like I'm startin to get the hang of this. I got a fib around 15.15 and was thinkin that this may be the next move. I also have support around 8 bucks. This might take a couple days based on what I see but I def agree that this could be a nice play on the way. Great work as always mon ami.