BTCUSD ever gonna bounce? Bitcoin wave end in sight but ugly

25 Kas 2018

Throwing some Fibs and EW around, and this kinda snapped in place.

Perhaps the drop from 7400 to 6200 was a wave (1).
So maybe we are in a wave (3) related to that impulse.
Question is whether wave (4) retrace much at all.

Drag up on the price axis to magnify and better see the overlapping prices on the support zones.

As usual, lets see how this plays out.

25 Kas 2018

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Looks like wave (4) might be under way. Regardless a decent bounce at the fib levels expected

25 Kas 2018

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Close up of the zone plotted, seems quite accurate

25 Kas 2018

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Bounce looking decent. my next zone of interest in green

25 Kas 2018

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Still on track looks like we might even attack 4k

25 Kas 2018

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Pierced first resistance, watching the pullback

25 Kas 2018

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Was that it for wave 4?

Close up would not be surprised by a bull trap exactly 4044 or a wee bit higher. But it it breaks and is then held as support on pullback, I will re-evaluate

25 Kas 2018

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Under a microscope, watching this correction

25 Kas 2018

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Nice bump above, but now we are at the critical zone is it a wave 3 going up? or ABC completing and prep for next leg down?

25 Kas 2018

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looking more and more like a classic AB=CD, 0.618 to -0.382

25 Kas 2018

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Moment of truth

26 Kas 2018

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This is the critical zone in red. not just for my trade, but for the forseeable future of BTC pricing. Breaking the first serious resistance is a step towards trend change

26 Kas 2018

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Close up of the action on 1min chart WOW, every single day I am awestruck by the precision of Fibs and their effect on the human brain. Why 4044 on Coinbase? I have no idea but the fibs told me it would be important...

26 Kas 2018

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This two Fib Extensions are what whispered ''4044'' to me 2.618 of first impulse, 4.618 of second impulse, like Jupiter and Saturn in aligment

26 Kas 2018

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One short term possibility

26 Kas 2018

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Here we are again, that 4044 line might break through this time?

26 Kas 2018

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Bounce thus far looks like a classic ABC correction, rather than a 12345 impulse up. The near perfect 0.618 to -0.382 leg makes for an AB=CD. Maybe we keep going up, but that pattern, and the resistance above makes me think it is probably to move down. But lets see....

26 Kas 2018

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PING. just hit first possible support. Watching closely

27 Kas 2018

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well, we all know what happened after that last pic above, bears broke below. But for an update: Bulls seem to be defending the support zone, with a high low on the next day. But they need to get past the 4044 resistance and prove is a support, otherwise the sentiment will remain bearish..
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28 Kas 2018

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Perfect kiss of the 4044 line

28 Kas 2018

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Another close up of the crucial resistance zone , on 1 min chart