BTC is fast approaching a "semi-major" fib ratio at $72,937.41
All of its sister fibs have marked key turning points since 2015
Price action here will be very telling of this bull run's strength.
It is PROBABLE that we get some retracement from here.
It is POSSIBLE to break and retest that fib for continuation.
It is PLAUSIBLE (but unlikely) that 72,937 will be "the" top.
=====================================================
All of its sister fibs have marked key turning points since 2015
Price action here will be very telling of this bull run's strength.
It is PROBABLE that we get some retracement from here.
It is POSSIBLE to break and retest that fib for continuation.
It is PLAUSIBLE (but unlikely) that 72,937 will be "the" top.
=====================================================
Note
"Un-charted territory" they call it, or "price discovery" is what we're doing,
since we have NEVER been here before.
YET, our fibs told us to be ALERT at 72,937.41
and sure enough we were prepared, hopefully you were too.
"Un-charted" only because of traditional charting.
"Price discovery" as the blind must stumble onto barriers.
The "Golden Ratio" lights the path for those who can see.
Thus my faith in the Golden Ratio.
It projected for us into the darkness,
and showed us WHERE to pay attention.
Could this be "the" top? Yes, it could be.
Do I think this is it? No, but "a" top is here.
Could we ask for a better roadm-ap? NO!
================================================================================================
.
Note
Almost there, 61,256 that is:Got a decent bounce to test the fib above at 65,255
and now dropping with some velocity towards 61,256.
Bulls need to pray and fight to hold 61,256
or face a pretty big drop to golden fib below.
=========================================================================================
.
Note
Back to the "Scene of the Crime" or at least very, very close test of our fib at 72,937.41.
.
Zoom in (m5)
That wick was to 72,777 (cool number) and very close.
Adding a fib to our bounce from 69k
Ping on Golden fib (6.853) marked the top,
initial retrace was to sister golden (4.236), looking like we go to so next sister (2.618).
So if $71,293 fails, then we watch $70,381
==============================================================================================
.
Note
( (( PING )) )Did you hear that?
That PING, like a sonar burst hitting a submarine.
Even a "Fat Finger" order ppops to the fib, EXACTLY.
And THAT is how fibs get more accurate with time,
and how all sister fibs have now been ALERTED.
==============================================================================================
.
Note
Back to our 65,255 fib That is a "semi-major" ratio so stronger that the "mionrs" immediate above and below.
Zoom in (m1)
fib clearly recognized,
being repeatedly probed,
to ascertain the exact location.
Best guess is this fib holds us in orbit for a while.
==============================================================================================
.
Note
Orbiting 65,255 fib, a "Semi-Major" ratio Zoom in (h1)
Numerous Pings even on the hourly,
wiht many more om smaller timeframes,
conffirm and energize all of the sister fibs.
Zoom in more (m5)
Perfect example of how fibs get MORE accurate with time:
every Human/Algo/Indicator has recorded these reactions.
The entire world is keen to this level even though blind to the fib.
Currently Sunday evening in USA,
lets see what happens on Monday,
but right now is Advantage Bears.
==============================================================================================
.
Note
(( ( < PING > ) ))Ping on our fib at 65,255.26
That is a Semi-Major ratio so stronger than the others nearby.
Bulls have recovered quite well, but now is the moment of truth.
Such a Ping might knock us down to the sister below at 61,256.
==============================================================================================
.
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.