BTCUSD headed to 4200 after retrace? Bitcoin has some Momentum
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Nice bounce in all Crypto assets!
The move appears to have some momentum.
Each of the Dark Green Fib lines are 1.618x the previous.
This a followup to my bottom call at 3600:
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Background:
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 months:
Getting closer, I started to see a bigger picture of a 4 wave impulse that started with the 7400 drop:
As it bounced, 4425 came into focus as the big hurdle:
Zooming back out to the original large 5 wave impulse, targets were in sight again:
Then we had a strong bounce with perfect 12345, which I expected to top at 3800-3900
As the bounce progressed, a top and new bottom came into sight:
Now that we hit that 3600 target and bounced hard, I am seeing one more leg up
The move appears to have some momentum.
Each of the Dark Green Fib lines are 1.618x the previous.
This a followup to my bottom call at 3600:
.
.
Background:
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 months:
Getting closer, I started to see a bigger picture of a 4 wave impulse that started with the 7400 drop:
As it bounced, 4425 came into focus as the big hurdle:
Zooming back out to the original large 5 wave impulse, targets were in sight again:
Then we had a strong bounce with perfect 12345, which I expected to top at 3800-3900
As the bounce progressed, a top and new bottom came into sight:
Now that we hit that 3600 target and bounced hard, I am seeing one more leg up
Nota
All zones still valid and exactly so .
Nota
Still bouncing around between the Fib zones .
Nota
Retrace ran a little deeper than expected. But now awe are back and contesting the first Resistance zone 
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Penafian
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