BTC.USD last "Parabolic" spike and why $ 8366 is CRITICAL

The last spike to >10k was a perfect example "Golden Growth".
Each line was noticed, relevant, and poised to reflect if possible.
Now having retraced much of the spike, the 11.089 is critical.

This growth scale is very rare in most assets, though more common in Crypto (of course).
The common growth scale is "Linear", as in 2.618, 3.618, 4.618, as seen in most of my posts.
This is what I call a "Golden Fib", as in 2.618, 4.236, 6.853, each being 1.618x the previous.

Bitcoin has had THREE such Golden Waves since the bottom.
This live chart is the third, see links below for first two examples.
Based on this, I still think 21k is possible, just a question of when.

Part of my ongoing Bitcoin analysis, been hitting every important turn (click):
8.7k Retrace Target
8.7k Top Call
21k possible target (still possible)
9k bounce call
13k warning
12.4k Break
10.9k retrace
12k Impulse
12k target call
14k > 10k retrace
14k target call<= 2nd Golden Wave
10k target call <= 1st Golden Wave
8.4k > 5.4k retrace
9.0k > 7.5k retrace
7.5k bounce call
10k path laid out
3.1k bottom call <= (the 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.

评论:

Another Ping on the 8366 Gold Fib, which then pinged the Blue Fib above:

Bulls really did not want to ping that gold fib again.
But then again, maybe it is the classic bitcoin "double bottom" (almost always double bottoms after lengthy decline).

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