BTCUSD hit targets, now what? Bitcoin bullish retrace?
Updated
Bitcoin hit a target from high tf fib below.
Now it looks like a retrace is under way.
This is an early guess as to possible retrace.
5475 is smallest retrace possible, and probably a wave A.
5437 would be an Ultra-Bullish bounce and almost suspicious.
5375 would be 'safest' retrace to provide uptrend supports.
Target of 5655 on Coinbase was forecast by this fib
This fib was determined by the drop from 7400. So a move that happened early September 2018 is still in control of the "CheckPoints" almost 8 months later!
.
Now it looks like a retrace is under way.
This is an early guess as to possible retrace.
5475 is smallest retrace possible, and probably a wave A.
5437 would be an Ultra-Bullish bounce and almost suspicious.
5375 would be 'safest' retrace to provide uptrend supports.
Target of 5655 on Coinbase was forecast by this fib
.
Note
So we finally got a pullback, and a decent bounce from the expected zone .
Note
Nice bounce after EXACT retest of the support fib .
Note
Looking great. Broke past two resistance zones, and looks to be confirming the blue 2.618 as support now .
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