BTCUSD update: Wide Open Space just above, 6131 next ?

7 May 2019

Follow up of this Fib series I have been posting for some months now.
Each of these Ripples has been Precisely tested and often relfected price.
After previous Reflection off the 3.236, we now have a clear breach in place.

Bull Trap? Maybe, but that migth still be yet to come.
Bull Run? Sure looks like it, but retrace is needed soon!
Short Squeeze? Not yet, but breach of 6k will surely do so.

The BAD news is that this fib has DOWNWARD energy.
BTC needs to break FREE of this fib's influence soon.
KISS of the 2.618 is often a Love-me or Leave-me Kiss.

Lets see how it goes this time.


First posted this fib in Dec. 2018

Since it has called many turns, such as this retrace from 5650

7 May 2019

Not

wow, absolutely beautiful reflection from the 3.236

WOW

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8 May 2019

Not

Nice Ping of the 3.618 , dip due to Binance hack

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8 May 2019

Not

uh oh

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8 May 2019

Not

there is a lower tf fib right there as well moment of truth here

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8 May 2019

Not

uhm,.... Waiter, my Fib is OFF by at leasat $4.00!!! who do I speak to aboutg that?

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9 May 2019

Not

Almost there, Bulls can SMELL it

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9 May 2019

Not

Here we are, 6131 hit, and a little pause to evaluate

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9 May 2019

Not

small tf fib also says time for at least a little pullback, say 6089 or 6063

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10 May 2019

Not

What a Glorious Ping Target hit, might keep going yet?

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10 May 2019

Not

Still going, wow. Lets see the next fib on this series, the 2.236 at 6313