BTCUSD nearing Tough Resistance BEFORE 10k: Bitcoin Heads Up
Quick plot to observe behavior near upcoming resistance.
10k may or may not be "all that" but the nearby fibs have been.
We are approaching a confluence of strong fibs, watching closely.
There is a reasonably strong support zone just below.
The resistance above is unlikely to break on first attack.
If it does break right away, then a STRONG Bull sign.
9921 is the first possible hint of resistance to watch.
9947 is a "Golden Fib", strong but a bit diffuse in effect.
9983/86 are small timeframe wave-ending fib extensions.
This is a zoom on my bigger picture calling for 9k bounce: (click)
Previous Bitcoin analysis (click):
13k warning (early but valid)
12.4k Break
10.9k retrace
12k Impulse
12k target call <=Perfect TP
14k > 10k retrace
14k target call <=Perfect TP
10k target call <=6 wks ago
8.4k > 5.4k retrace
9.0k > 7.5k retrace
7.5k bounce Call <=Perfect Entry
10k path laid out
3.1k bottom call (the EXACT bottom)
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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10k may or may not be "all that" but the nearby fibs have been.
We are approaching a confluence of strong fibs, watching closely.
There is a reasonably strong support zone just below.
The resistance above is unlikely to break on first attack.
If it does break right away, then a STRONG Bull sign.
9921 is the first possible hint of resistance to watch.
9947 is a "Golden Fib", strong but a bit diffuse in effect.
9983/86 are small timeframe wave-ending fib extensions.
This is a zoom on my bigger picture calling for 9k bounce: (click)
Previous Bitcoin analysis (click):
13k warning (early but valid)
12.4k Break
10.9k retrace
12k Impulse
12k target call <=Perfect TP
14k > 10k retrace
14k target call <=Perfect TP
10k target call <=6 wks ago
8.4k > 5.4k retrace
9.0k > 7.5k retrace
7.5k bounce Call <=Perfect Entry
10k path laid out
3.1k bottom call (the EXACT bottom)
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
Bình luận:
Quite a battle at the support zone. I have added a fib of the leg down, which added more clarity and more reinforcement to the zone
Lets see how this goes, a crucial moment in this trend.
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Bình luận:
nice, support held and launched us
now for those peskely resistance fibs...
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Bình luận:
As originally mentioned, this is a one SERIOUS resistance zone. Even the second assault of Full Speed Frontal Attack hit the solid wall
But that attack surely did some more damage to the resistance. If it does not break through this time, next one almost definitely will.
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Bình luận:
Wow, what some tight Pings
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Bình luận:
Ping on the lower boundary after finally breaking thru the upper Ping
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Bình luận:
Nice bounce off the lower bound
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Bình luận:
Here we go again. Will it break this time?
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Now back at top boundary of support zone.
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