BTCUSD headed for a lower low? Bitcoin crucial price zones

٢٩ سبتمبر ٢٠١٨

I believe we are at a make-or-break level currently.
The fibs and EW patterns point to one more leg down.
But bulls have one last chance, if they can defend the green zone in my chart.

We look to be in a wave 5 down.
If so, I am looking at three target zones.

I will post a bullish scenario, if the invalidation zone is surpassed.

٢٩ سبتمبر ٢٠١٨

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At a resistance, clearly defined by fibs

٢٩ سبتمبر ٢٠١٨

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Updated resistance zones

٢٩ سبتمبر ٢٠١٨

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Flirting with resistance

٢٩ سبتمبر ٢٠١٨

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Nice stab through resistance

٢٩ سبتمبر ٢٠١٨

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Bull trap with wick above resistance?

٣٠ سبتمبر ٢٠١٨

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6520 might be next support before the critical zone

٣٠ سبتمبر ٢٠١٨

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wave C (micro) looks to be under way

٣٠ سبتمبر ٢٠١٨

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still looks to be on course

٣٠ سبتمبر ٢٠١٨

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Well, it took the long way home, but came around to test 6522.
Got a decent bounce off that zone, lets see if it holds

٤ أكتوبر ٢٠١٨

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back to the main chart, that crucial support seems to have held

١٥ نوفمبر ٢٠١٨

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Here we are finally, bounced at the 5300 support forecast over 6 weeks ago Not sure if it will hold, but the bounce looks pretty healthy. Will measure the bounce waves and post an update with expectations from here.

١٥ نوفمبر ٢٠١٨

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Zoomed in on the Target zone: Low of the 1 min candle was 5280.93 whereas my zone's lower bound was 5301.64 . Only Fibs can provide that level of precision