BTCUSD bounce watch: Retrace pathways and zones of interest
מעודכן
Just a quick plot to study the bounce and subsequent retrace.
Looks like a PERFECT impulse wave ending with a double top at the 4.236 extension.
So now we need to observe the retrace for clues about the momentum.
Thus I have plotted a few zones of interest.
NOTE: this plot is measured on the bounce ONLY. I am going to integrate longer term fibs and update any changes.
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 monthss:
As it was being approached, I fined tuned the target a based on the downward momentum:
Getting closer, I started to see a bigger picture coming together:
After the bounce, I am still calculating the odds of one more leg down, based on these levels
Looks like a PERFECT impulse wave ending with a double top at the 4.236 extension.
So now we need to observe the retrace for clues about the momentum.
Thus I have plotted a few zones of interest.
NOTE: this plot is measured on the bounce ONLY. I am going to integrate longer term fibs and update any changes.
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 monthss:
As it was being approached, I fined tuned the target a based on the downward momentum:
Getting closer, I started to see a bigger picture coming together:
After the bounce, I am still calculating the odds of one more leg down, based on these levels
הערה
Oops, the last link above should have been this one: 
הערה
Approaching first zone of possible support הערה
ok, so here we are at possible Bear Exhaustion zone הערה
Good news is: this zone proves quite valid הערה
Fibs tell the truth EXACTLY! Closeup of the current zone הערה
Almost as the LAST STAND, we might bounce soon הערה
Bulls are still working hard to defend that last stand zone 
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