BTCUSD to test 5950? Another Tale of Two Fibs

Telah dikemas kini
There seems to have been two impulse waves down from the 8500 area.
Each impulse caused ripples that are well defined by the Fib Extension Ratios.
5,950 (about) is where important extensions of both fibs align.

Not calling that the bottom, but watching it for a good bounce.
Nota
Caught a bit of a bounce at the Red 4.236 extension.
syot kilat Confirms validity of that Fib and its extensions going forward.
Nota
Both fibs clearly in effect still. syot kilat
Nota
Here we are, will it hold? syot kilat
Nota
Got a wee bit of a bounce at the fibs syot kilat

Close up syot kilat not an impressive bounce but an attempt anyway.
Nota
Trade closed (at least 75% of position anyway) syot kilat holding 25% to see if it breaks the 6651 fib confluence (will be difficult)
Nota
Both Fibs still holding price captive. New fib in orange looks to be perfectly in sync. syot kilat
Closeup of the new micro Fib (orange) and how the -.618 extension lines up perfectly with original fibs syot kilat
Nota
Support/Resistance builds like tree rings.
syot kilat
Nota
Nice break out. The green fib new, added from bottom at 5950 syot kilat I closed 80% of my position at the green 3.618 extension
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