BTCUSD to test 9k next: Will Bitcoin Golden Fib hold?
Updated
I have been spotlighting this fib series since 5.8k.
It helped spot many of the turning points thus far.
Now the serious retrace/crash is giving it real test.
9.9k was the last cluster that bounced it twice,
9.0k is the next cluster with a shot at bouncing.
8.4k the next one with strong fibs in confluence.
Part of my ongoing Bitcoin analysis (click):
13k warning (early but valid)
12.4k Break
10.9k retrace
12k Impulse
12k target call <=Perfect TP
14k > 10k retrace
14k target call <=Perfect TP
10k target call <=6 wks ago
8.4k > 5.4k retrace
9.0k > 7.5k retrace
7.5k bounce Call <=Perfect Entry
10k path laid out
3.1k bottom call (the EXACT bottom)
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
It helped spot many of the turning points thus far.
Now the serious retrace/crash is giving it real test.
9.9k was the last cluster that bounced it twice,
9.0k is the next cluster with a shot at bouncing.
8.4k the next one with strong fibs in confluence.
Part of my ongoing Bitcoin analysis (click):
13k warning (early but valid)
12.4k Break
10.9k retrace
12k Impulse
12k target call <=Perfect TP
14k > 10k retrace
14k target call <=Perfect TP
10k target call <=6 wks ago
8.4k > 5.4k retrace
9.0k > 7.5k retrace
7.5k bounce Call <=Perfect Entry
10k path laid out
3.1k bottom call (the EXACT bottom)
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
Note
Decent show of support thus far .
Note
Bounce looks great thus far, but are now approaching pretty strong resistance around 99xx, just before 10k psych number. .
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