BTCUSD bounce watch: Retrace pathways and zones of interest

Just a quick plot to study the bounce and subsequent retrace.

Looks like a PERFECT impulse wave ending with a double top at the 4.236 extension.
So now we need to observe the retrace for clues about the momentum.
Thus I have plotted a few zones of interest.

NOTE: this plot is measured on the bounce ONLY. I am going to integrate longer term fibs and update any changes.

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 monthss:

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:

After the bounce, I am still calculating the odds of one more leg down, based on these levels

評論:

Oops, the last link above should have been this one:

評論:

Approaching first zone of possible support

評論:

ok, so here we are at possible Bear Exhaustion zone

but they dont look very exhausted yet :(

評論:

Good news is: this zone proves quite valid

bad news is: bears do not look exhausted yet, but watching closely

評論:

Fibs tell the truth EXACTLY! Closeup of the current zone

amazing human decision process pre-defined by the Golden Ratio

評論:

Almost as the LAST STAND, we might bounce soon

評論:

Bulls are still working hard to defend that last stand zone