BTCUSD topped at 11k ? Bitcoin ultra Bullish retrace watch
Part of my ongoing analysis of Bitcoin moves (see links below).
Wow, what a run that just keeps going without corrections.
This last leg may have ended at an 8.382 extension (green).
The pullback thus far is shallow but may progress deeper.
Red fib shows first bounce at 2.236 (not 2.618), a very bullish sign.
Red 3.618 with green 5.236 confluence would be an aggressive buy.
Red 4.236 with green 4.618 confluence would be conservative entry.
Note: Bitcoin is so bullish that correction may be done for now.
Previous Analysis:
10k call over 6 weeks ago
8.4k to 5.4k retrace
9.0k to 7.5k retrace
7.5k bounce Call <= Prefect!
10k path laid out
10k final leg
10k hi-res Event
Wow, what a run that just keeps going without corrections.
This last leg may have ended at an 8.382 extension (green).
The pullback thus far is shallow but may progress deeper.
Red fib shows first bounce at 2.236 (not 2.618), a very bullish sign.
Red 3.618 with green 5.236 confluence would be an aggressive buy.
Red 4.236 with green 4.618 confluence would be conservative entry.
Note: Bitcoin is so bullish that correction may be done for now.
Previous Analysis:
10k call over 6 weeks ago
8.4k to 5.4k retrace
9.0k to 7.5k retrace
7.5k bounce Call <= Prefect!
10k path laid out
10k final leg
10k hi-res Event
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