BTC is currently hovering within a very important zone.
Zone is defined by confluence of Genesis and Covid fibs.
These high timeframe fibs have caught all major turns.
The zone of relevance is $ 42,200 to 42,789 (on coinbase).
This may be a turning point into retrace before continuation.
Bulls' best strategy will be to hold this zone thru the weekend.
Strong break should jump to 45K then 52k very quickly.
Rejection here could send us to new lows around 32k.
So it is the most important zone for this halving cycle.
.
These two fib sequences are posted individually as well:
The full Genesis Sequence:
The Covid Stimulus series:
Zone is defined by confluence of Genesis and Covid fibs.
These high timeframe fibs have caught all major turns.
The zone of relevance is $ 42,200 to 42,789 (on coinbase).
This may be a turning point into retrace before continuation.
Bulls' best strategy will be to hold this zone thru the weekend.
Strong break should jump to 45K then 52k very quickly.
Rejection here could send us to new lows around 32k.
So it is the most important zone for this halving cycle.
.
These two fib sequences are posted individually as well:
The full Genesis Sequence:
The Covid Stimulus series:
Note
( (( PING )) )And as I like to say:
"Not all Pings start a Reversal,
but most Reversals start with a Ping"
.
Note
Break and Retest so far, as seen on the hourly Adding a local fib of the bounce:
4.236 is the most common wave ender, followed by the 4.854.
So it is likely that this particular wave is done, so now we look for possible retrace targets:
So there we have it, the local roadmap to prepare at each zone of interest.
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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
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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.