Bitcon with a massive spike that shocked most traders including me.
Looks like a short-squeeze upon break of 4200, then fomo from there.
Also looks like a completed 5 wave Impulse, starting the retrace.
Topped as predicted at the 4.236 of higher timeframe fib .
Now we watch the retrace for clues: random spike? or strat of uptrend?
This plot assumes a break of 5k round figure, which may not happen.
4825/35 bounce would be unbelievably retrace.
4530/60 bounce would be completely withihn expectations.
4350/75 will be Bulls’ Last Stand before risk of much doom.
The “4.236” mentioned above is from this plot:
Published at Thu, 04 Apr 2019 02:25:23 +0000
