BTCUSD retrace watch: Bitcoin correction scenarios
מעודכן
We topped where expected (see below) then dropped hard as usual.
Usually a strong wave leads to another wave(s), thus an ABC correction.
Three current possibilities are show, my preference being the middle one.
This is a SLIGHT chance that we have completed the retrace already.
That drop brought us exactly into a strong support zone.
Hit play on Idea below, and notice where the drop stopped.
That drop MIGHT have been wave 4 and starting wave 5 now.
This is a followup to my Top call at 4150-4200:
Prior to that, I was calling for a 3400 bottom:
And thusly found bottoms and tops all the way back to my 7400 top call:
Usually a strong wave leads to another wave(s), thus an ABC correction.
Three current possibilities are show, my preference being the middle one.
This is a SLIGHT chance that we have completed the retrace already.
That drop brought us exactly into a strong support zone.
Hit play on Idea below, and notice where the drop stopped.
That drop MIGHT have been wave 4 and starting wave 5 now.
This is a followup to my Top call at 4150-4200:
Prior to that, I was calling for a 3400 bottom:
And thusly found bottoms and tops all the way back to my 7400 top call:
הערה
In the very short term, I am looking for this 5 wave move .
הערה
Making some progress Close up shows that the red 2.618 was indeed formidable resistance
הערה
Last drop pretty much cancelled. But now back to the 2.618 as resistance 
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