Bitcoin
Education

"Pulse" of an asset times Fibonacci: BTC sprang to Impulse Redux

Updated
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.

Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.

This is part my ongoing series to collect examples of my Methodology.

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Ordered Chaos

every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.

each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.

every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.

He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.

Ordered Chaos

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Note
Nice spike into the Impulse Core snapshot and rejected as expected. But bulls still trying.
Impulse Cores take several attackes to give.

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Note
Zoomed in on the Price action around and within the Impulse Zone snapshot

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Note
Here is an example of a BBoC pattern. snapshot BBoC = "Birtday Balloon on Ceiling".
And I guess we all know what happens thereafter, a slow drift down for a corrections.

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Note
Well we BLEW through the Impulse core, but worth a closer look snapshot As mentioned, it often takes several attemps to overrun the Core.
But once it broke, it accelerated.
WARNING: This "could" be a "blow off top"....

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FibonacciSupport and Resistance

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag