BTC near term target hit Exactly now Retrace Watch: almost done?

Wave target from previous Analysis was hit exactly.
Retrace is clear and structure implies one more dip.
Local double bottom possible, a sign of strong bull.

Previous Analysis alerting of 58.4k top

I will post updates below as price action progresses.

.

Bình luận:

Resistance Hit

Since posting, the bounce want up to first resistance and is pulling back:

.

Zoom IN (1 min) for a look at the interaction with the resistance

It was a "Ping" (exact ricochet) on the local 2.618.
2.618's are like Rooks in chess, Strong, Stable, Dangerous from a Distance.

Also notice the other PIngs on different fibs

Those are from a different timeframe, but clearly still relevant.
Thus the "congestion" during consolidation, many waves left ripples to be navigated.
As we observe each Ping on a fib, assume its sister fibs are now alerted and ready.

.

SUMMARY:
- Proceed exactly as planneed.
- Local 2.618 many killed the bounce.
- We still might get one more leg up to make and "abc of B"

============================================================================================

.

Bình luận:

Quick follow up

On the 1min

Another interaction with that resistance and the 2.618.
Bulls seem pretty determined to break it.
Break would argue against the ABC targets.

============================================================================================

.

Bình luận:

Quick follow up.

Bulls working hard. plot

Break of 56.5 would go one more step towards invalidating this

============================================================================================

.