$23,255 and 10 cents: The bottom? at least "A" bottom? Hope so!
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 $23,255.10 (on coinbase).
This is a "minor" ratio (light blue) with a semi-major above at %25k which broke.
The "Majors" are Golden fibs (1.618 multiples) next one we do NOT want test.
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 us spot the Bottom 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.
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 $23,255.10 (on coinbase).
This is a "minor" ratio (light blue) with a semi-major above at %25k which broke.
The "Majors" are Golden fibs (1.618 multiples) next one we do NOT want test.
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 us spot the Bottom 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.
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.
.
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