BTC looking to retest 10k? Retrace may need one more leg yet

Are we there yet? at the bottom?
Possible but not Probable is my read.
Elliot Wave theory calls for one more leg.

We are likely in a "wave 4 of 5" right now.
Sub wave (4) could go a little higher to 10.4.
Sub wave (5) and circle 5 could end around 10k.

There is a Major fib at 10,020.75 (Gold 11.089).
There is also Minor at 10,009.78 (Purple 4.236).
4.236 is the most common wave Ending Ratio.

It is certainly possible that we crash thru 10k.
But I would expect a significant bounce at least.
I have other supports below, shrink the chart to see.

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This post is a smaller tf follow up to my bigger picture:

评论:

Oops, looks like I missed zone on the live chart, the one noted here

so if 10k fails, then 9900 might catch the stab.

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