BTCUSD at a "Fork in the Road": Bitcoin decision point here
Updated
Quick plot to see two possible wave structures.
The bounce was strong, but is it done? or more?
The Impulse was clear, the Ripples being perfect.
Perhaps we have completed all 5 waves of Impulse leg.
Perhaps we have only completed wave 3, and 4 coming.
Perhaps we are still in bear market and just a correction.
10.9k is the key for bullish momentum
10.6k is critical to maintaining uptrend
10.2k is pretty much Bulls' Last Stand.
Part of my ongoing analysis of Bitcoin moves:
14k > 9.8k retrace <=Perfect?
14k target called <=Perfect
10k target called <=6 wks ago
8.4k > 5.4k retrace
9.0k > 7.5k retrace
7.5k bounce Call <=Perfect
10k path laid out
10k final Leg
3.1k bottom call <=Exact bottom
The bounce was strong, but is it done? or more?
The Impulse was clear, the Ripples being perfect.
Perhaps we have completed all 5 waves of Impulse leg.
Perhaps we have only completed wave 3, and 4 coming.
Perhaps we are still in bear market and just a correction.
10.9k is the key for bullish momentum
10.6k is critical to maintaining uptrend
10.2k is pretty much Bulls' Last Stand.
Part of my ongoing analysis of Bitcoin moves:
14k > 9.8k retrace <=Perfect?
14k target called <=Perfect
10k target called <=6 wks ago
8.4k > 5.4k retrace
9.0k > 7.5k retrace
7.5k bounce Call <=Perfect
10k path laid out
10k final Leg
3.1k bottom call <=Exact bottom
Note
Trying to break the ceiling .
Note
a pop here could spike to 11,575 quick-like .
Note
Boom. 11,986 should be next stop .
Note
wow, now THIS is what a breakout and retest on Algo-Time looks like .
Note
First target hit exactly .
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