45,163 and 58 cents: BTC next target, resistance, and wave END?

Shown here is the same fib series in three different timeframes.
Left chart shows the "Genesis" (birth) and the growth rings since.
Right side charts show the same fibs but in smaller timeframes.

We are currently approaching a key fib ratio at 45,163.58 (on coinbase).
This is a "semi-major" ratio (dark blue) with minors just above and below.
The "Majors" are the Gold fibs (1.618 multiples) last one was 32.8k bottom.

My last plot gave a key resistance we just broke, an Impulse Redux. (click)
Getting past the "Impulse Core" above showed continued bull strength.
But the next Genesis fib (45.1k) could vey well end this bounce wave.

The Genesis Fib has called all the major turns since 2015.
It helped us call the Top exactly at 69k (must see this).
Then it helped us spot the Bottom precisely at 32.8k

Sure, it has given false hope as well.
After the top we hoped 52.8k would hold.
45,163 on last visit looked to have a shot.

So the point is:
The turn WILL happen at "a" fib, the question is "which" fib?
But we get "exact" levels of interest for entries, stop losses, tp's.
So we know quickly whether we are wrong or spectacularly right.

Thus we PREPARE to execute an "if-then" decision at each fib.
Simply set an ALERT to let us know when price approaches one.
The we look for a PING (exact ricochet) for a possible reversal.

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Bình luận:

That was quick!

So here we are

This is a "high gravity" fib.
So we got pulled hard as we got closer.
Overshot a bit due to the high velocity.

I expect we will "orbit" this for a while.
Perhaps until NY markets open in 8 hours.
But time to be VERY ALERT here.

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Bình luận:

"High Gravity" as in it will pull us to it from either side

And thus we might start the orbits now.

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Bình luận:

why 45,163 and 58 cents exactly?

cuz da fib boss, duh!

Like an insect probing with its antenna,
to taste that it knows is there but cant see.
And once ascertained, a decision can be made.

And that is how fibs get MORE accurate with time.
The ENTIRE world has seen the above reactions.
All humans/algos/indi's have etched this line in stone now.

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Bình luận:

A Definite Dip!

Significant pullback as expected (as seen in bottom right)

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Adding a fib to the pullback in blue stripe:

The 4.236 at 43,577 may have ended the pullback wave.
Next level of interest is the 5.236, another common wave ender.
Then we have the Genesis fib at 42,789 as the strongest support.

Bulls need to hold well ABOVE the Genesis fib.
Ideally the pullback wave has been terminated already.

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Bình luận:

PLOP

Fell to the next fib below

Looking for a bounce here, at least a "dead cat".
Hopefully we can go back up into orbit of 45.163,
but coming down this far is not a good sign for bulls :(

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BOUNCE!

Gorgeous bounce off the fib below

WOW

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Zoom in (3 min) for a closer look

PERFECT fibnastics routine that was!

Adding a Blue Striped Fib of the bounce:

Fibnastic Perfection even under the microscope.
But ALAS this particular wave might be DONE.
Possibly ONE MORE leg to the 5.236 at 44,556.

Converting our "linear" Blue Stripe fib to "golden" sequence:

(I will explain why elsewhere).
First we have a support of interest, the 2.618, ALWAYS a contender.
If wave is NOT done, we have 3 targets with 45,163 being the BOSS fib.

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SUMMARY:
- Perfect execution of game plan.
- Bounce looks good thus far.
- Looking to hold 43,646

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Bình luận:

Easy Come easy go!

So much for our gorgeous bounce? Maybe not:

We did get some support at the 1.236, almost a "last stand".
Lets see how far this bounce gets, that was a substantial drop.

Not looking as good as it did earlier, that's for sure :(

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Bình luận:

Bounce continues.

Following up from the last snapshot above, and our 3 TARGETS in red:

First 2 targets hit and then some.
Of note, the local highs were NOT at fibs.
So that requires further scrutiny below.

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So lets take a closer look at our second bounce off the 1.236

Looks like there was a new impulse of the 1.236.
So I placed a new fib (golden) over the original blue stripe.

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Now REMOVE the blue stripe and looking at the new fib only:

Plenty of pings to confirm this fib series.
But alas, another wave ENDED perhaps.

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Zoom OUT (5 min) and include all fibs in this area:

Gives a new map of support and resistance.
3 hurdles above, starting with 44,355 where we are.
Key support below is 43.4k or a hair below, to hold.

Bulls need to hold 43.4k until the next wave of bulls appear, perhaps NY open?

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