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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Give me a ping Vasily. ... ... One Ping only please.
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May be an 8150 retest coming
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Nice bull rejection at the 1.618. Also happens to be a 786 of a much bigger tf fib. Lets see if bears attack it again
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watching for these possibilities (darkest one being my best guess currently)
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This still looks viable, but target lowered to 9150 for now
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Lets see if bulls can push up to one of these targets. If so, then I will have a good handle on the impulse up
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Interesting fib action
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Fib bands imply strong support 8100-8200
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We might have a micro wave 5 down yet to come
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Pretty good bounce. If bulls can get through resistance zones, things will look a lot brighter
nice, next up is 8390 and of course 8400 Maybe just been a stop run above Daily Pivot, lets see...
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Can the bulls hold that green zone?
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nice bounce where my wave A of abc retrace was hoped for
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Bears defending the upper boundry of darker red zone and bulls defending the bottom.
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8335 is not going to hold again, 8300 next?
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Another fib (382 here) doing its thing
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BTC acting prefectly according the fibs as expected. ABC retraced as planned. All support zones tested. Notice the behavior of the different shades of green and red (darker means stronger zone)
Making good progress towards the 9200 goal. Lots of Fib resistances here though, will need to cool down I think. Planning on a retrace, to be evaluated for bear strength.
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Bears will want to test 8400 Bulls need to defend ABOVE it. Some key Fibs offer Bulls some support.
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Found what is supporting price right now: a 4.0 fib. If bulls can keep price above without retesting 3.618, I will be impressed. But I think some consolidation and profit taking will make it hit 3.618
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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.
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8680 looks like good next target. Waiting to see how this wave 4 plays out.
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Ran into first band of resistance at round number 8600
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microscopic look at the resistance bands that should turn into support
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Support being tested. It should be pretty strong. Famous last words?
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uh oh, testing support. The Dollar is super strong from news over weekend. No real volume yet (early Monday morning in Asia)
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Respectable bounce off some 618's. Would have like to seen bounce higher in zone