BTC.USD near term Support Resistance Map: Bitcoin Ordered Chaos
As you know, we have had some crazy moves recently.
Interestingly, every turning point was defined by a Fib.
This plot uses only 2 fibs and covers only this volatility.
For a bigger picture, refer to my other analysis below.
This particular set of fibs define the current battle lines.
If these loose control, then check my bigger picture plots.
Current Sentiment:
Market likely confused and nervous from both sides.
Liquidity will be thin in this area, thus big quick spikes.
My "gut feeling" is the Path of Least Resistance is UP.
Key Resistance:
7360-7379 is immediate resistance and has proven STRONG.
7555-7580 is next resistance but should not be as strong.
7781-7816 will be VERY STRONG from fomo-buyers selling.
Key Supports:
7254-7274 is immediate Supprt and shows credibility.
7052-7079 WAS strong support, might not be again.
6976-6992 is Bulls LAST STAND, break will fall hard.
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Part of my ongoing Bitcoin analysis, been hitting every important turn (click):
7800 Dump Warning <= Just in Time!
7080 Rocket Foreseen <= Fib within 20 cents!
7860 Retrace Call
7650 Resistance Map
6850 Bounce plot
5882 critical number
8700 Top Call
21k possible target <= Still Plausible
9k bounce call
14k target call <=Perfect TP
10k target call
7.5k bounce call
3.1k bottom call <=EXACT 2018 bottom
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
Interestingly, every turning point was defined by a Fib.
This plot uses only 2 fibs and covers only this volatility.
For a bigger picture, refer to my other analysis below.
This particular set of fibs define the current battle lines.
If these loose control, then check my bigger picture plots.
Current Sentiment:
Market likely confused and nervous from both sides.
Liquidity will be thin in this area, thus big quick spikes.
My "gut feeling" is the Path of Least Resistance is UP.
Key Resistance:
7360-7379 is immediate resistance and has proven STRONG.
7555-7580 is next resistance but should not be as strong.
7781-7816 will be VERY STRONG from fomo-buyers selling.
Key Supports:
7254-7274 is immediate Supprt and shows credibility.
7052-7079 WAS strong support, might not be again.
6976-6992 is Bulls LAST STAND, break will fall hard.
.
Part of my ongoing Bitcoin analysis, been hitting every important turn (click):
7800 Dump Warning <= Just in Time!
7080 Rocket Foreseen <= Fib within 20 cents!
7860 Retrace Call
7650 Resistance Map
6850 Bounce plot
5882 critical number
8700 Top Call
21k possible target <= Still Plausible
9k bounce call
14k target call <=Perfect TP
10k target call
7.5k bounce call
3.1k bottom call <=EXACT 2018 bottom
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
Commento:
Nice, kind of a "Slow Motion" Ping
Minor fib just above , then some head room.
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Commento:
NOT GOOD!
Yesterday we got a Ping that I could almost HEAR:
And this is why I am always alert to LOUD PIngs
Above Ping was strong enough to push through our Crucial support ledge around 7450 www.tradingview.com/chart/kmCh5Ye0/ There was a small Ping at the support, but fell through quickly.
Looks like 7250 range will be tested next.
.
Yesterday we got a Ping that I could almost HEAR:
And this is why I am always alert to LOUD PIngs
Above Ping was strong enough to push through our Crucial support ledge around 7450 www.tradingview.com/chart/kmCh5Ye0/ There was a small Ping at the support, but fell through quickly.
Looks like 7250 range will be tested next.
.
Commento:
Rut Roh!
Bears scoring Repeated Pings again
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Bears scoring Repeated Pings again
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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
Zoomed IN to see Perfect Ping on top bound of zone, at 7378.66
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