EuroMotif

BTCUSD retrace from 5350 to what? Bitcoin Support Zones to watch

EuroMotif Mod Обновлено   
COINBASE:BTCUSD   Биткоин
Bitcon with a massive spike that shocked most traders including me.
Looks like a short-squeeze upon break of 4200, then fomo from there.
Also looks like a completed 5 wave Impulse, starting the ABC retrace.

Topped as predicted at the 4.236 of higher timeframe fib linked below.
Now we watch the retrace for clues: random spike? or start of uptrend?
This plot assumes a break of 5k round figure, which may not happen.

4825/35 bounce would be an amazingly bullish retrace.
4530/60 bounce would be exactly as can be expected.
4350/75 will be Bulls' Last Stand before risk of much doom.

The "4.236" mentioned above is from this plot:
Комментарий:
Finally looks like some progress on the retrace, with a confirmation of previous support which was later pierced
Under the microscope (1min) this fib implies a wave down was completed, and price has returned to Impulse now comes the decision point: are the sellers show made the initial push down (Impulse) still there? enough to absorb new buying?

.

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Отказ от ответственности

Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.