LINK.USD should bounce, but Be Ware Wave B. Correction upon us?

19 Nov 2019

Part of my ongoing analysis of each turn (see links below).

As you know, Bitcoin took a spill and took everything with it.
Link looks ready to bounce, but could be wave B of an ABC.
Plotted are three possible scenarios for a serious correction.

This may NOT start the higher order correction quite yet.
It is POSSIBLE that we bounce from here to a higher high.
But it is BEST to correct now, or risk total collapse later.

Previous LINK analysis:
Retrace Bounce Scalps
$3.17 Break Out opp (not triggered)
$2.87 Target Call (perfect exits)
$2.65 Support Call (several long entries)
recent Impulse Redux (caught recent top)
$2.7 target plotted (perfect roadmap)
Support/Bounce zones (caught recent bottom)
Breakout Zones plot (caught the breakout)
May 2019 support zones (caught all turns)
$1.46 Bottom Call (caught exact bottom)

Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

20 Nov 2019

Nota

Bounce progressing as expected.
Now the first resistance is being noticed. : Some reaction was expected thus my red zone.

Zooming in and considering this should be a wave B: B's are supposed to have 3 moves, so maybe this resistance will act as the ender of sub (a) to start (b).

Or it could do something COMPLETELY different!
But IF it does something like the above, we will know what to expect NEXT.

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