52,838 and 06 cents: BTC most important Level of this Cycle
Updated
Quick heads up to the Golden Fib at 52,838 (coinbase).
All three panes have the same levels, the "Genesis Fib".
Every level of this series has been a major contention.
Break and Retest of this Golden fib opens new Highs.
Ping and Reject of this level could mark secondary top.
Touch and Orbit of this high gravity fib is the most likely.
.
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
.
All three panes have the same levels, the "Genesis Fib".
Every level of this series has been a major contention.
Break and Retest of this Golden fib opens new Highs.
Ping and Reject of this level could mark secondary top.
Touch and Orbit of this high gravity fib is the most likely.
.
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
.
Note
Moment of TruthHere we are, at the Fib exactly
Oh My
=====================================================================================
.
Note
Zoomed IN with local fib added thick lines the Genesis levels.
That local 5.236 reinforcing the Golden fib makes it even more tough now.
Also, 5.236 is the second most common wave end point, 4.236 the most common.
Very possibly at the end of this bounce wave, and RIGHT AT the key Genesis level.
Again, OH MY!
==========================================================================================
.
Note
52,838 and 06 cents AGAIN.Here we are, right at the key fib s3.tradingview.com/snapshots/m/mj729DWf.png
Zoomed WAY IN (5 sec)
Wow
============================================================================================
.
Note
Escape Velocity?Maybe
or a short squeeze,
but looks great!
==================================================================================================
.
Note
Here we are Again!After an impressive bounce that shot PAST our Golden fib, we have now come back for a retest
KEY moment here, ideally bulls will bounce it on this first touch.
BUT also possible we go into orbit again, given the high gravity of this fib.
=========================================================================================
.
Note
Here we are AgainBack to our "High Gravity" fib
.
Zoom IN (13 min)
Attempted to leave orbit, but Escape Velocity not acquired.
So we return to "earth" and orbit may continue on underside.
.
Zoom WAY in (30 sec)
52,838 is now etched into all brains/algos/indi's.
Believers were watching this for entire last year.
The Blind have tripped on it enough to make notes.
============================================================================================
.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.