BTC correction targets: Update May 15

מעודכן
Here are my two updated targets based on last week's price action.

I expect a bounce as I post this, THEN I will look for a short.

I will update this idea as things develop.
הערה
That 8k test looks be coming
תמונת-בזק
הערה
This Idea is a follow up to previous plan, which seems to be playing out
BTC retrace possibilities
הערה
wow, better bounce that I expected, lets see if this still plays out, as it is still viable תמונת-בזק
הערה
BTC looking pretty supported, but not out of the woods yet.
A break of the orange line should get some bulls back in the game.
תמונת-בזק
הערה
Approaching my first possible target around 8k
תמונת-בזק
thinking it might breach 8k to take stops then bounce.
הערה
Zone hit, tiny bounce, not impressed.
תמונת-בזק
הערה
Bounce looking pretty good so far.
Not ruling out next possible destination (yet)
תמונת-בזק
הערה
Nice impulse wave coming off the support
תמונת-בזק
הערה
Wow! but I think I would actually prefer the micro c wave to spike down to 8150, then rocket up.
s3.amazonaws.com/tradingview/snapshots/u/u3XVBSXZ.png
הערה
overshooting 618's to hit 786's, strong imo (at least until next red tidal wave) :(
s3.amazonaws.com/tradingview/snapshots/t/T3uqUK4U.png
הערה
all right whales, here is a plan you can execute quite nicely, for that massive school of krill
s3.amazonaws.com/tradingview/snapshots/d/dNiuSgjI.png
הערה
Back to microscope, would love to see a double bottom ABOVE 8200, but I guess 8150 would be better in long term (wishful thinking?) תמונת-בזק
הערה
Here comes that micro C wave, lets see if the support zones hold תמונת-בזק
הערה
Maybe something like this:
Maybe something like this? תמונת-בזק
הערה
Bulls hoping to see something like this
תמונת-בזק
הערה
8150 should hold, barring whales dumping.
תמונת-בזק
הערה
IF the correction is over, AND we will get an impulse wave up,
then this coming wave 3 up is going to need some volume to blast through resistance.
So I am thinking EU bears tonight will bring it down for sure.
Hoping 8k is not even approached, but holds fast if hit.
תמונת-בזק
הערה
on cue. good morning EU bears!
s3.amazonaws.com/tradingview/snapshots/5/55SM2aGH.png
הערה
Microscope says holding for now, but not much volume to be confident תמונת-בזק
הערה
wow, it is holding. 8200 is probably where the bears are camped
תמונת-בזק
הערה
A moment of truth here for BTC.
If bulls can break 8220 gdax and hold it, might mean the correction to this first impluse from ''bottom'' is done and time to look for that new impulse to surf
תמונת-בזק
הערה
Still in critical zone (short term).
Back to 8200 תמונת-בזק
הערה
Nice break spring from 8200.
getting more and more confident the bottom was found
תמונת-בזק
הערה
Nice 618 tap. This could be start of a micro wave 3.
If it goes fast and furious, then it is, duh :)
תמונת-בזק
הערה
If bulls break 8200, then 9200 could next stop.
תמונת-בזק
הערה
9200 looking quite plausible
תמונת-בזק
הערה
As anticipated, the 8350 zone exhausted the bull power for now.
But the bears are not pushing down very hard.
Evaluating further and will post update with new analysis of last move.
תמונת-בזק
הערה
8350 smashed, looking higher.
Still think 9200 is on the table.
Looking for a pullback to gauge Bear strength.
תמונת-בזק
הערה
A look at the BTC bounce zone in detail.
Each of the green boxes derived from Fib bands.
Notice the price 'knew' where these zones were.
Just like Lightning knows point of least resistance on ground before leaving the cloud.
תמונת-בזק
Trend AnalysisWave Analysis

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

כתב ויתור