72,937 and 41 cents: BTC next target and maybe "a" top for now

Updated

BTC is fast approaching a "semi-major" fib ratio at $72,937.41
All of its sister fibs have marked key turning points since 2015
Price action here will be very telling of this bull run's strength.

It is PROBABLE that we get some retracement from here.
It is POSSIBLE to break and retest that fib for continuation.
It is PLAUSIBLE (but unlikely) that 72,937 will be "the" top.

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Note

( < PING > )

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tTus my enthusiasm for Pings

and my rule about Pings: "not all Pings start a Reversal, but Most reversals start with a Ping"

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First guess of retrace, 71.1k

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"Un-charted territory" they call it, or
"price discovery" is what we're doing,
since we have NEVER been here before.

YET, our fibs told us to be ALERT at 72,937.41

and sure enough we were prepared, hopefully you were too.

"Un-charted" only because of traditional charting.
"Price discovery" as the blind must stumble onto barriers.
The "Golden Ratio" lights the path for those who can see.

Thus my faith in the Golden Ratio.
It projected for us into the darkness,
and showed us WHERE to pay attention.

Could this be "the" top? Yes, it could be.
Do I think this is it? No, but "a" top is here.
Could we ask for a better roadm-ap? NO!

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Note

Here we are again:

Pierced this time, see if bulls can flip it into support

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Here we are again

Broke above but now in orbit around our "high gravity" fib at 72,937

Note

And again

a Ping from the underside may have started a wave down

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Thus my enthusiasm for Pings

"Not all Pings start a Reversal, but Most reversals Start with a Ping"

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Can't get any more accurate than this

and those levels were "fated" in 2015

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Starting to look like "Top is In", at least for now

Our fib at 72,937 did what was expected,
sister fib at 69,096 bounced it twice but not 3,
now looking at 65,255 unless new force if applied.

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Looks like we are headed to 61,256 next

And the current leg down has some serious momentum, so
the fib will struggle unless something slows down the bears.

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Almost there, 61,256 that is:

Got a decent bounce to test the fib above at 65,255
and now dropping with some velocity towards 61,256.

Bulls need to pray and fight to hold 61,256
or face a pretty big drop to golden fib below.

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Ding Ding Ding

61,256 hit, likely to orbit this for a bit, or at least bulls better hope so.

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61,256 held!

for now, anyway......

FED rate decision/presser coming in next hour.
That may or may not move markets, lets see.
Right now we could be panting a bottom though.

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Testing the Gensis fib at 65,255.26

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Zoom IN (m1)

Fib clearly recognized, see if it can hold oribit for some time.

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Note

Back up to the 65,255 fib

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Zoom in (m15)

Very clear reactions to this fib, which is a "semi-major" ratio.

Expect a retest of 65,255 then we see whats wut

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Note

Retest of 69,096 fib

Zoom IN (m1)

Was pierced and trying to hold, lets see.

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69,096 tried to hold but failed, and we dropped to the next fib below at 65,255

The fib was PIERCED, so I do not expect it to hold unless bulls reclaim it very soon.

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Back to the "Scene of the Crime"

or at least very, very close test of our fib at 72,937.41.

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Zoom in (m5)

That wick was to 72,777 (cool number) and very close.

Adding a fib to our bounce from 69k

Ping on Golden fib (6.853) marked the top,
initial retrace was to sister golden (4.236), looking like we go to so next sister (2.618).

So if $71,293 fails, then we watch $70,381

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Note

( (( PING )) )

Did you hear that?
That PING, like a sonar burst hitting a submarine.
Even a "Fat Finger" order ppops to the fib, EXACTLY.

And THAT is how fibs get more accurate with time,
and how all sister fibs have now been ALERTED.

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Note

Back to our 65,255 fib

That is a "semi-major" ratio so stronger that the "mionrs" immediate above and below.

Zoom in (m1)

fib clearly recognized,
being repeatedly probed,
to ascertain the exact location.

Best guess is this fib holds us in orbit for a while.

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Note

Orbiting 65,255 fib, a "Semi-Major" ratio

Zoom in (h1)

Numerous Pings even on the hourly,
wiht many more om smaller timeframes,
conffirm and energize all of the sister fibs.

Zoom in more (m5)

Perfect example of how fibs get MORE accurate with time:
every Human/Algo/Indicator has recorded these reactions.
The entire world is keen to this level even though blind to the fib.

Currently Sunday evening in USA,
lets see what happens on Monday,
but right now is Advantage Bears.

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(( ( < PING > ) ))

Ping on our fib at 65,255.26

That is a Semi-Major ratio so stronger than the others nearby.
Bulls have recovered quite well, but now is the moment of truth.
Such a Ping might knock us down to the sister below at 61,256.

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Trade active

Here we are again:

Our previous top for a very good reason.
Now we are testing the exact level again.
Buckle-up folks, this could get rather violent.

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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