BTCUSD retrace from 5350 to what? Bitcoin Support Zones to watch

2019年4月4日

Bitcon with a massive spike that shocked most traders including me.
Looks like a short-squeeze upon break of 4200, then fomo from there.
Also looks like a completed 5 wave Impulse, starting the ABC retrace.

Topped as predicted at the 4.236 of higher timeframe fib linked below.
Now we watch the retrace for clues: random spike? or start of uptrend?
This plot assumes a break of 5k round figure, which may not happen.

4825/35 bounce would be an amazingly bullish retrace.
4530/60 bounce would be exactly as can be expected.
4350/75 will be Bulls' Last Stand before risk of much doom.

The "4.236" mentioned above is from this plot:

2019年4月4日

註釋

Finally looks like some progress on the retrace, with a confirmation of previous support which was later pierced

Under the microscope (1min) this fib implies a wave down was completed, and price has returned to Impulse now comes the decision point: are the sellers show made the initial push down (Impulse) still there? enough to absorb new buying?

.