EuroMotif

BTC retrace Update: 17.6k and 17.4 targets still on the radar

COINBASE:BTCUSD   بتكوين
Update to my previous analysis calling for 17.6 or 17.4k pullback (click).
As usual Bitcoin runs higher than expected and falls deeper than wanted.
The retrace was delayed by a rounded top that is now building velocity.

It is POSSIBLE that we have already seen a "Double Bottom" at 18k.
It is PROBABLE that we see a sub-18k "Stop Hunt" before reversing up.
It is PLAUSIBE that we find ourselves in a "Bear Market" for some weeks.

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My "Big Picture" for Bitcoin:
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In that Big Picture, the "9k parabola" was first obvious 3 months ago:
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Fib/Wave method confirmed the $3800 Covid Bottom and targets since:
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