ETH.usd eyes on $3431.83: Golden Genesis fib to determine trend

تم تحديثه
Shown above is the same Fibonacci series, in 3 different time-frames.

Assets have many Impulses in a lifetime, but only one "Genesis Pulse".
Genesis as in "birth", programmed with all of the DNA it will ever have.
That Impulse determines the "Sequence" of growth spurts and retraces.

Imagine it this way:
- Each owner of the asset convinces on average 1.618 others to buy.
- Like an undulating insect swarm, the mass decisions come in waves.
- As the swarm grows, the waves' amplitudes grow by 1.618 multiples.

This simple plot has called all major turns, including the 2021 top (click)

For your own copy of the Genesis fib, use this Single Page Version (click)

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ملاحظة
Nice break and retest on the 1 min
لقطة
See if bulls can take the ball and run with it from here.

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ملاحظة
Beautiful bounce on the Golden (m1)
لقطة
This as of US market open on a Monday.
So this may be a great start to new week.

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ملاحظة
Thus my respect for the "Golden Fibs"
لقطة
"Golden" as in 1.618 exponents,
the most powerful progression
that underlies the entire universe.

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ملاحظة
Our bounce is retracing now
لقطة

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Zoom IN (m5) and adding a fib on the bounce:
لقطة
Local Golden fib at 3533.69 will be key support and sister golden at 3597.88 guading 36 round

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ملاحظة
Follow up to the last pic above ^^

Local golden at 3597.88 broken and retested nicely
لقطة
This is probably bulls' best chance to start next leg up.

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ملاحظة
Follow up to last snapshot with blue arrow, that support failed:
لقطة

We did get a nice bounce at the next local golden fib below لقطة
So that local fib set was still in control

But then came the bull trap and UN-SYNC (red arrows)
لقطة
So our current fib is losing control

Zoom in (m1) and adding a fib from last dip (blue stripes)
لقطة
Not great but decent confirmations on the 2.236 and 3.618

Using blue strip fib along with the Gold/Blue fib from above:
لقطة
Points to 345x per the blue 4.236 of dip wave.

Lets see how this plays out.

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ملاحظة
Bottom in?
لقطة
Fib of last wave says dip bottom may have been $3477
ملاحظة
Follow up to last snapshot calling for 3477 bottom:
لقطة
Certainly turned out to be "local" bottom and maybe "the" bottom above 3513.

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Since the above red fib was surpassed, lets put a fib on the bounce
لقطة
And we have our next two zones of interest:
$ 3648.24 - 3655.06 immediate resistance,
$ 3678.03 - 3682.75 strong resistance above.

So now we have two precise zones to watch.

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ملاحظة
Followup to last pic above, the 3650 resistance zone was local top
لقطة

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Zoom IN (m5) to look at the bounce
لقطة
3 possible supports marked with green arrows, with strongest one at 353x

Let see which retrace target can catch the dip

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ملاحظة
( (( < PING > )) )
لقطة
PING = Exact and violent ricochet from fib that you can almost HEAR.
AND: "Not all Pings start a Reversal, but Most reversals Start with a Ping"

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ملاحظة
BTC dumped and took everything with it as usual so we lost our Golden fib at 3431
لقطة
Let see if bulls can recover it right away, or we risk dropping to next fib below.

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ملاحظة
Still under our magic number 3431, but adding the "Covid Stimulus" fibs, we have:
لقطة
We have a more precise map of the field.
$3389.89 - 3431.83 is now major resistance
Expect a retest of that zone for more clues.

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ملاحظة
Here we are again, $3431 golden fib
لقطة

Zoom in (h1)
لقطة
All of those Pings on thsi fib have etched this level into all memories.
All humans/algos/indi's have recorded these reactions for reference.
So even the fib=blind are keenly aware of the importance of this level.

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Zoom in more (m1)
لقطة
Fib was pierced before the bounce, so bulls should be concerned.

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ملاحظة
Market crash due to Middle East conflict broke our golden fib
لقطة

Zoom in (m15)
لقطة
The drop did notice each fib but pierced them which is not a good sign.
But that is expectable during violent action, and it should resync now.
So we watch 3123.65 for a hopeful PING (exact reaction) to resync.

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Zoom in more (m1) and adding a fib to last push up
لقطة
This little wave might be done at the 4.618,
not a common wave ender whic his the 4.236,
but it can act as a backstop for strong waves.

Looking above:
لقطة
We should be able ot hit the Genesis fib at 3123.65,
which is now reinforced by the local 5.618 at 3122.40.

So lets hope we get to 3123.65 Genesis fib,
and that we get a clear confirmation there.

So we should be able to continue up and test the Genesis fib at 3123.65

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ملاحظة
Per last comment above, we have hit $3123.65
لقطة
well proven resistance per the hourly in bottom right

Zoom in (M15)
لقطة
Why 3123 and 65 cents? and not 3100 round?
Because that's 69.148 times its birth impulse, duh!

that fib is actually a "minor" ratio
لقطة

but that next jump is a doozy
لقطة
thus the hesitancy to cross into "no mans land"
and notice the QUICK travels across it recently.

Lets see what happens at this crucial level.

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ملاحظة
PERFECT fib-to-fib bounce today
لقطة

Zoom in (m5)
لقطة
Perfect Pings on both ends of move.
Ping as in "Give me a ping Vasilly, One Ping Only"

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Zoom OUT (h1)
لقطة
Clearly defined range bound by those two fibs.
Break in either direction will be very likely to continue.
Break of upper bound at 3123.65 could mark bottom.

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ملاحظة
Close look at current levels (m1)
لقطة
three MAJOR Fibs in right confluence, Golden Genesis at $3431.25 the level boss

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تم فتح الصفقة
Here we are again
لقطة
Tested our Golden fib from the underside and rejected.

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Zoom in for a closer look at the price action
لقطة
Rather clean (but not a Ping) rejection at the Golden.
Subsequent Pings on the blue (minor ratio) fib below.
Look for Break-n-Retest or drop to next blue (semi-major)

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