BTCUSD headed to 4200 after retrace? Bitcoin has some Momentum
Zaktualizowano
Nice bounce in all Crypto assets!
The move appears to have some momentum.
Each of the Dark Green Fib lines are 1.618x the previous.
This a followup to my bottom call at 3600:
.
.
Background:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.
First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:
Getting closer, I started to see a bigger picture of a 4 wave impulse that started with the 7400 drop:
As it bounced, 4425 came into focus as the big hurdle:
Zooming back out to the original large 5 wave impulse, targets were in sight again:
Then we had a strong bounce with perfect 12345, which I expected to top at 3800-3900
As the bounce progressed, a top and new bottom came into sight:
Now that we hit that 3600 target and bounced hard, I am seeing one more leg up
The move appears to have some momentum.
Each of the Dark Green Fib lines are 1.618x the previous.
This a followup to my bottom call at 3600:
.
.
Background:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.
First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:
Getting closer, I started to see a bigger picture of a 4 wave impulse that started with the 7400 drop:
As it bounced, 4425 came into focus as the big hurdle:
Zooming back out to the original large 5 wave impulse, targets were in sight again:
Then we had a strong bounce with perfect 12345, which I expected to top at 3800-3900
As the bounce progressed, a top and new bottom came into sight:
Now that we hit that 3600 target and bounced hard, I am seeing one more leg up
Uwaga
All zones still valid and exactly so .
Uwaga
Still bouncing around between the Fib zones .
Uwaga
Retrace ran a little deeper than expected. But now awe are back and contesting the first Resistance zone 
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