BTC retrace RoadMap updated: 52.8k reinforced, 48.5k possible
تم تحديثه
Update to my posted call for 52.8k target and resistance (click).
BTC hit the Golden Genesis fib at 52.8k and is staggering since.
It still appears very bullish, but bulls are clearly struggling here.
The longer it hovers below the major fib, higher risk of a drop.
Golden fib at 52,838 is now reinforced by local fibs for stronger barrier.
There is a new resistance in the 51.3k area to make a possible lower high.
Best guess for retrace is just below 50k to take out stops before resuming.
$ 51,248-369 is the key resistance which we may orbit a few times.
$ 49,704-924 is the current best guess for retrace target and bounce.
$ 48,553-764 is very possible as the endpoint of the last wave down.
The "speed brakes" are minor fibs that should slow or stall the move.
"Critical Support" at 48.090 is the nearest Genesis fib that must hold.
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BTC hit the Golden Genesis fib at 52.8k and is staggering since.
It still appears very bullish, but bulls are clearly struggling here.
The longer it hovers below the major fib, higher risk of a drop.
Golden fib at 52,838 is now reinforced by local fibs for stronger barrier.
There is a new resistance in the 51.3k area to make a possible lower high.
Best guess for retrace is just below 50k to take out stops before resuming.
$ 51,248-369 is the key resistance which we may orbit a few times.
$ 49,704-924 is the current best guess for retrace target and bounce.
$ 48,553-764 is very possible as the endpoint of the last wave down.
The "speed brakes" are minor fibs that should slow or stall the move.
"Critical Support" at 48.090 is the nearest Genesis fib that must hold.
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ملاحظة
Making some progress now Zoom IN (8min)
"New Resistance" zone is now clearly estasblished
Zoom IN more (3min)
notice the 3 blue arrows,
pointing to fib reactions,
all 3 on same fib series (red).
Zoom OUT to full view of that RED fib seires:
Lower right are the same 3 blue arrows from last snap,
Upper left shows the "Impulse" that started thsi wave doen.
The reactions at its "Ripples" tells us this wave is still active.
As such, we can look next to the sister fib of our last rejector
Give us out next target as trhe 11.089 fib at $50,312.16.
So will it get there? no idea, but very possible.
But if it DOES, then we know to be ALERT.
Zoom OUT to original view, with red fib and blue pointer included
and thus our first "Speed Brake" on original plot.
which if hit should bounce or at least slow the drop.
Time of this post is Friday evening in USA,
so we have the weekend games starting.
Lets if bears casn get us to target by Monday :)
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