I have been harping on and on about $7450.99 both on the way up and down.
It is a key harmonic in the "Golden Fib" that captures the entire 2019 price action.
There are really only FOUR key lines (Gold) with their sub-ratios (Blue) you need.
You surely remember the battle at 7450 on the way up in first half of 2019.
Same thing now, only it looks to be a mirror image currently (bears in control).
From Chess it is the "e5" square. From volume profile it is the "Point of Control".
It is easy to see that if bears hold $7450, then bulls are likely to fall back to $5882.
Yesterday's spike "Pinged" that fib, lurched back, and is now wobbling on weak knees.
Bulls must retake that key line and confirm it as support, or they will take 2 steps BACK.
.
Part of my ongoing Bitcoin analysis, been hitting every important turn (click):
6432 Bounce Call <= Fib within 1 dollar
5882 critical number
7800 Dump Warning <= Just in Time!
7080 Rocket Foreseen <= Fib within 20 cents!
7860 Retrace Call
7650 Resistance Map
6850 Bounce plot
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.
.
It is a key harmonic in the "Golden Fib" that captures the entire 2019 price action.
There are really only FOUR key lines (Gold) with their sub-ratios (Blue) you need.
You surely remember the battle at 7450 on the way up in first half of 2019.
Same thing now, only it looks to be a mirror image currently (bears in control).
From Chess it is the "e5" square. From volume profile it is the "Point of Control".
It is easy to see that if bears hold $7450, then bulls are likely to fall back to $5882.
Yesterday's spike "Pinged" that fib, lurched back, and is now wobbling on weak knees.
Bulls must retake that key line and confirm it as support, or they will take 2 steps BACK.
.
Part of my ongoing Bitcoin analysis, been hitting every important turn (click):
6432 Bounce Call <= Fib within 1 dollar
5882 critical number
7800 Dump Warning <= Just in Time!
7080 Rocket Foreseen <= Fib within 20 cents!
7860 Retrace Call
7650 Resistance Map
6850 Bounce plot
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.
.
Note
Still Negotiating .
Note
Saved by the Ping? .
Note
7450 Lost again .
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.
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.