تم تحديثه

BTCUSD headed for a lower low? Bitcoin crucial price zones

I believe we are at a make-or-break level currently.
The fibs and EW patterns point to one more leg down.
But bulls have one last chance, if they can defend the green zone in my chart.

We look to be in a wave 5 down.
If so, I am looking at three target zones.

I will post a bullish scenario, if the invalidation zone is surpassed.

ملاحظة

At a resistance, clearly defined by fibs

ملاحظة

Updated resistance zones

ملاحظة

Flirting with resistance

ملاحظة

Nice stab through resistance

ملاحظة

Bull trap with wick above resistance?

ملاحظة

6520 might be next support before the critical zone

ملاحظة

wave C (micro) looks to be under way

ملاحظة

still looks to be on course

ملاحظة

Well, it took the long way home, but came around to test 6522.
Got a decent bounce off that zone, lets see if it holds

ملاحظة

back to the main chart, that crucial support seems to have held

ملاحظة

Here we are finally, bounced at the 5300 support forecast over 6 weeks ago

Not sure if it will hold, but the bounce looks pretty healthy. Will measure the bounce waves and post an update with expectations from here.

ملاحظة

Zoomed in on the Target zone:

Low of the 1 min candle was 5280.93 whereas my zone's lower bound was 5301.64 . Only Fibs can provide that level of precision

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

أيضا على:

منشورات ذات صلة

BTCUSD Fibonacci Support Resistance zones: Bitcoin as of Jul 30

من ‎EuroMotif‎

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag