BCH halving run seems to be at hand.
Price is about to hit a key resistance.
Possible end of local wave, to dip soon.
$ 721.50 - 729.41 is the major resistance.
$ 575.73 - 583.29 is the first strong support.
$ 634.43 - 636.10 minor support via dual fibs.
We may blast thru, then look for retest entry.
========================================
Price is about to hit a key resistance.
Possible end of local wave, to dip soon.
$ 721.50 - 729.41 is the major resistance.
$ 575.73 - 583.29 is the first strong support.
$ 634.43 - 636.10 minor support via dual fibs.
We may blast thru, then look for retest entry.
========================================
Note
Dip under way, first support just hitZoom in (m15) and a fib in red for the dip
Our existing blue 3.618 fib has been reinforced by new red 5.854.
So this support should be pretty strong, we better bounce a bit here.
.
Zoom in more (m1) and add another red fib set for last leg down
We have another reason to bounce here.
This is only first possible support,
but we MUST see a little bounce here,
or we can not count on next support.
==================================================================================================
.
Note
Bottom was NOT in, but we may have a "higher low"Zoom in (m3)
That is a "Ping" from "give me a Ping Vasilly, One Ping Only"
Such an exact ricochet will excite and alert the sister fibs,
like a bug hitting a spider web, the vibration radiates.
.
SUMMARY:
- There is a chance we have bottomed.
- $422.05 is the key support that must hold.
==================================================================================================
.
Note
Thus my enthusiasm for PingsIn folllowup to last snapshot above,
that Ping marked the bottom it seems.
.
Zoom back OUT (h4) to our orignial scale
We are now up against TWO 2.618's,
so this will be a very strong resistance,
as it has already proven on last push.
So we will paint that zone red
and look for a break, ideally Break-n-Retest.
.
SUMMARY:
- Odds of bottom being in have increased
- $480.75 to 497.85 will determine if bottomed
==================================================================================================
.
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.