BTCUSD short term UPDATE: Bitcoin to test 4044 most likely

30 Kas 2018

Quick plot of the correction to the bounce.
Looks like an ABCDE is forming, rather than a simple ABC.
4044 was a critical line in sand all along, a retest is almost 'needed'

This is another short term update to my bigger picture tracking of the bounce described below.

Background:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.

First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:

As it was being approached, I fined tuned the target a based on the downward momentum:

Getting closer, I started to see a bigger picture coming together:

As it bounced, I had hoped for a 4500-4700 peak:

But then 4425 came into focus as the big hurdle:

So here we are now, trying to gauge the retrace

30 Kas 2018

Not

And here we are, retest of 4044. Will it hold? got a bounce anyway, watching closely now

30 Kas 2018

Not

3950-70 looks like automatic now

30 Kas 2018

Not

well, at least each zone is being noticed and a reaction is happening, but no signs of a 'V bottom' for this little collapse yet :(
.

30 Kas 2018

Not

ruh roh, I guess it is on to plan 'B''