BTC has been running nicely with risk-on sentiment.
Nearing a significant Covid fib at 95,176.28 (Coinbase).
Covid Stimulus nodes resonate most with monetary policy.
It is PROBABLE that we Orbit it a few times.
It is POSSIBLE that we get Rejected completely.
It is PLAUSIBLE to blow through it then come back.
If EXACT Rejection, look to sister fib below at $89,592.30
If ORBIT Capture, look to get flung in either direction.
If BREAK Easily, pay more attention to the Genesis fibs.
.
The other major fib series for BTC, the "Genesis Sequence":
These two sequences, the Genesis and Covid fibs, helped call "the TOP":
They also called the dip/bounce at 75k:
==============================================================
Nearing a significant Covid fib at 95,176.28 (Coinbase).
Covid Stimulus nodes resonate most with monetary policy.
It is PROBABLE that we Orbit it a few times.
It is POSSIBLE that we get Rejected completely.
It is PLAUSIBLE to blow through it then come back.
If EXACT Rejection, look to sister fib below at $89,592.30
If ORBIT Capture, look to get flung in either direction.
If BREAK Easily, pay more attention to the Genesis fibs.
.
The other major fib series for BTC, the "Genesis Sequence":
These two sequences, the Genesis and Covid fibs, helped call "the TOP":
They also called the dip/bounce at 75k:
==============================================================
Trade active
95.2k is now a clearly established level of interest as seen on the m5 snapshot.
The Covid fib at 95,176 and a "TopDown" (wave from top) fib at 94,089
are the current range boundaries
.
Bulls need to hold or reclaim this range by Monday US open.
But right now we look to be headed further downwards.
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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
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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.
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
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.