Currently looking like we are in a wave 4. So thinking one more leg down.
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Forgot to add this note to the chart. If price passes 618 at 9700 by much, count is invalidated. But watching for a spike above to raid stops, then down to wave 5.
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Maybe like this:
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Adjusted my first possible buy zone, 9211 - 9251
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Better range 9185 - 9211
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Just noticed the brand new weekly M3 pivot (purple) 9200 looking really really good now.
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Oops typo for the number . New Pivot is at 9215
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At the moment of truth. or is it Point of No Return :( 1st small limit buy triggered. I am stacking them closer to 9200
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Decent bounce but not very convincing... yet.....
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Bounce looking better. Now I need it to take the GREEN Pill.
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Need to get past 9400 to rule out double bottom attempt
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I am thinking double bottom around 9200
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This still looks like a wave 4 down to me. But from how it is behaving, I think wave 5 will NOT be much lower.
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Looking good. Getting past 9400 was crucial. Now just need to hold it without dropping much below it.
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Looks to me like correct OVA. Back on the 10.4k Highway!!
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These pull back scalps were part of my bigger plan:
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Thinking we might see one more test of 9k. If it holds, momentum might turn around. If it breaks, look out below.
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Approaching critical price zone
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Looks like rejection where expected. So maybe wave 4 is done now and wave 5 has begun. If so, 9k will be tested and that will be the critical moment.
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. Micro Fib points to double bottom, so maybe we wont go as low as 9k per above:
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Fibs still say possible double bottom above 9k. BUT and interesting observation of this latest wave playing the .236 note.
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So much for that micro bounce above. Now the question real bounce or not.
I am not convinced. The lack of any speed bumps to break 9k was a bad sign
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The green zone around 9k did pick up a bunch of my limit longs, and an now managing stops. If we get past 9060 and hold, then I will be less concerned.
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BTC bounce at a critical juncture, and the Nikkei just took a little dip. not a good sign.... (nikkei and btc have been positively correlated tonight)
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My Fibs are pointing to one more dip, 8850 maybe
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Last Chance for a bounce, maybe this ABC is done, picture perfect if it happens:
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