EuroMotif

BTC retrace Update: 17.6k and 17.4 targets still on the radar

COINBASE:BTCUSD   ビットコイン/米ドル
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.

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My "Big Picture" for Bitcoin:
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In that Big Picture, the "9k parabola" was first obvious 3 months ago:
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Fib/Wave method confirmed the $3800 Covid Bottom and targets since:
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