Back to microscope, would love to see a double bottom ABOVE 8200, but I guess 8150 would be better in long term (wishful thinking?)
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Here comes that micro C wave, lets see if the support zones hold
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Maybe something like this: Maybe something like this?
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Bulls hoping to see something like this
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8150 should hold, barring whales dumping.
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IF the correction is over, AND we will get an impulse wave up, then this coming wave 3 up is going to need some volume to blast through resistance. So I am thinking EU bears tonight will bring it down for sure. Hoping 8k is not even approached, but holds fast if hit.
Microscope says holding for now, but not much volume to be confident
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wow, it is holding. 8200 is probably where the bears are camped
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A moment of truth here for BTC. If bulls can break 8220 gdax and hold it, might mean the correction to this first impluse from ''bottom'' is done and time to look for that new impulse to surf
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Still in critical zone (short term). Back to 8200
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Nice break spring from 8200. getting more and more confident the bottom was found
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Nice 618 tap. This could be start of a micro wave 3. If it goes fast and furious, then it is, duh :)
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If bulls break 8200, then 9200 could next stop.
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9200 looking quite plausible
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As anticipated, the 8350 zone exhausted the bull power for now. But the bears are not pushing down very hard. Evaluating further and will post update with new analysis of last move.
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8350 smashed, looking higher. Still think 9200 is on the table. Looking for a pullback to gauge Bear strength.
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A look at the BTC bounce zone in detail. Each of the green boxes derived from Fib bands. Notice the price 'knew' where these zones were. Just like Lightning knows point of least resistance on ground before leaving the cloud.
Just make sure you are watching every momemnt 24/7 as the price only moves big in 1-4 minute timeframes
some_guy
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@rlreecer, thats funny whether youre being sarcasmic or not :D
darkandblue
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1/3 in now and waiting for 8510 breaking for the rest.
darkandblue
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Morning from CH
EuroMotif
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@retiringsoon1, good morning !
EuroMotif
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IF the correction is over, AND we will get an impulse wave up,
then this coming wave 3 up is going to need some volume to blast through resistance.
So I am thinking EU bears tonight will bring it down for sure.
Hoping 8k is not even approached, but holds fast if hit.
ultranemesys
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Excellent TA
EuroMotif
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@ultracoin, ty! sometimes the puzzle seems to fit just right, until the whale at Seaworld splashes and your 80000 piece puzzle is gone :(
acyvas
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@euromotives how big bounce is expected?
EuroMotif
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@acyvas, not expecting a huge bounce, by perhaps stop of downtrend and consolidation for a while