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
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
評論:
And here we are, retest of 4044. Will it hold?
got a bounce anyway, watching closely now
評論:
3950-70 looks like automatic now
評論:
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 :(
.
.
評論:
ruh roh,
I guess it is on to plan 'B''
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
