BTCUSD retrace watch 4: Bitcoin to test 3600 ?
מעודכן
Looks like one more small leg down before retrace can come to an end.
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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, the first retrace came into sight
Now I think we have completed the impulse up, and correction should be almost done
.
.
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, the first retrace came into sight
Now I think we have completed the impulse up, and correction should be almost done
הערה
Here we are, 3600. Buying little bits here in a ladder fashion 
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