$20,320 and 71 cents: Golden Genesis fib that marked the BOTTOM?
تم تحديثه
Shown here is the same fib series in three different timeframes.
Left chart shows its "Genesis" (birth) and the growth rings since.
Right side charts show the same fibs but in smaller timeframes.
We are currently approaching a key fib ratio at 20,320.71 (on coinbase).
This is a "Golden fib" (1.618 multiple) most often a powerful bouncer.
IF there is a bottom anywhere NEAR here, then THIS is going to be IT.
The Genesis Fib has called all the major turns since 2015.
It helped us call the Top exactly at 69k (must see this).
Then it helped spot the Massive Bounce precisely at 32.8k
Recently it helped us spot the retrace bounce at 37.5k
Sure, it has given false hope as well.
After the top we hoped 52.8k would hold.
45,163 on last visit looked to have a shot.
We were last watching 23,250 for a KEY level.
So the point is:
The turn WILL happen at "a" fib, the question is "which" fib?
But we get "exact" levels of interest for entries, stop losses, tp's.
So we know quickly whether we are wrong or spectacularly right.
Thus we PREPARE to execute an "if-then" decision at each fib.
Simply set an ALERT to let us know when price approaches one.
The we look for a PING (exact ricochet) for a possible reversal.
.
Left chart shows its "Genesis" (birth) and the growth rings since.
Right side charts show the same fibs but in smaller timeframes.
We are currently approaching a key fib ratio at 20,320.71 (on coinbase).
This is a "Golden fib" (1.618 multiple) most often a powerful bouncer.
IF there is a bottom anywhere NEAR here, then THIS is going to be IT.
The Genesis Fib has called all the major turns since 2015.
It helped us call the Top exactly at 69k (must see this).
Then it helped spot the Massive Bounce precisely at 32.8k
Recently it helped us spot the retrace bounce at 37.5k
Sure, it has given false hope as well.
After the top we hoped 52.8k would hold.
45,163 on last visit looked to have a shot.
We were last watching 23,250 for a KEY level.
So the point is:
The turn WILL happen at "a" fib, the question is "which" fib?
But we get "exact" levels of interest for entries, stop losses, tp's.
So we know quickly whether we are wrong or spectacularly right.
Thus we PREPARE to execute an "if-then" decision at each fib.
Simply set an ALERT to let us know when price approaches one.
The we look for a PING (exact ricochet) for a possible reversal.
.
ملاحظة
Orbit continues:But we are now on the Southern side,
bull needs to push back above ASAP.
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ملاحظة
Still very much in ORBIT around our "High Gravity" fib, as seen on the hourly here: .
Zoomed IN to the 1 MINUTE :
.
At this exact moment we have to conclude that Bears have the advantage, lets see if they can push down for real from here.
ملاحظة
Two months later: Still in orbit, per the reactions around the two genesis fibs at 18.5k and 20.3k
.
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