Update to my previous analysis calling for 17.6 or 17.4k pullback (click).
As usual Bitcoin runs higher than expected and falls deeper than wanted.
The retrace was delayed by a rounded top that is now building velocity.
It is POSSIBLE that we have already seen a "Double Bottom" at 18k.
It is PROBABLE that we see a sub-18k "Stop Hunt" before reversing up.
It is PLAUSIBE that we find ourselves in a "Bear Market" for some weeks.
.
My "Big Picture" for Bitcoin:
.
In that Big Picture, the "9k parabola" was first obvious 3 months ago:
.
Fib/Wave method confirmed the $3800 Covid Bottom and targets since:
.
As usual Bitcoin runs higher than expected and falls deeper than wanted.
The retrace was delayed by a rounded top that is now building velocity.
It is POSSIBLE that we have already seen a "Double Bottom" at 18k.
It is PROBABLE that we see a sub-18k "Stop Hunt" before reversing up.
It is PLAUSIBE that we find ourselves in a "Bear Market" for some weeks.
.
My "Big Picture" for Bitcoin:
.
In that Big Picture, the "9k parabola" was first obvious 3 months ago:
.
Fib/Wave method confirmed the $3800 Covid Bottom and targets since:
.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
