BTC approaching next Genesis level at 45,163. Will it hold?
Aggiornato
Quick heads up regarding key levels to watch.
The Genesis Fib has been spot on with all turns.
Each level has been a battle in both directions.
52.8k was the Major support to have held.
49.1k was the nearest support which tried.
45.2k now the next hope for a bottoming.
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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
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The Genesis Fib has been spot on with all turns.
Each level has been a battle in both directions.
52.8k was the Major support to have held.
49.1k was the nearest support which tried.
45.2k now the next hope for a bottoming.
.
I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
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Nota
Here we are45,163 per the Genesis Fib
Zoom IN (1min)
But will it hold? Hard to say, but at least a dead cat bounce.
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Nota
45,163Bulls trying again
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Nota
Here we are again.Not looking good
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Nota
What a ride!Back to the 45,163 tradingview.com/chart/InQFeLzD/ and looks likely to orbit for a bit.
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Nota
Opps, bad paste, Image of return to the fib in question s3.tradingview.com/snapshots/2/2aNSczTX.png==============================================================================================
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Nota
Argh, try again: and Zoomed IN
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