BTCUSD hit targets and pulling back: Bitcoin Support Zones

Jul 4, 2019

Quick plot to map nearby Support Zones.

BTC completed a 5-wave Impulse move per my last plot.
We might now be painting the requisite ABC correction.
The plotted EW is a guess, but am confident in the zones.

It is possible that the green 3.618 will bounce it.
Also, green 3.236 near blue 1.618 should react well.
Most likely is a retrace to around wave 4 end point.

11.4k bounce would the most Bullish scenario.
11.1k test should be the most Likely scenario.
10.9k test would be the lowest Acceptable bull.


Part of my ongoing Bitcoin analysis (click):
12k Impulse map
12k arget call
14k > 10k retrace
14k target call <=Perfect
10k target call <=6 wks ago
8.4k > 5.4k retrace
9.0k > 7.5k retrace
7.5k bounce Call <=Perfect
10k path laid out
10k final Leg
3.1k bottom call (caught 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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Jul 4, 2019

Note

BTC has all the makings of an ABC structure in progress but apparently did not get the EW memo yet. .... If it is to play out, it needs to drop kinda fast and furious right about now

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Jul 5, 2019

Note

Secondary target hit, lets see if it holds

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