BTC is approaching a "semi-major" ratio at $65,255.26.
This fib stalled the last bull run and cased a deep retrace.
We are now at the Bears' Last Stand to prevent a new ATH.
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 65,255 will be "the" top.
The last Bull Run's TOP was nailed by this fib series:
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This fib stalled the last bull run and cased a deep retrace.
We are now at the Bears' Last Stand to prevent a new ATH.
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 65,255 will be "the" top.
The last Bull Run's TOP was nailed by this fib series:
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Note
Currently in ORBIT around our fib at 65,255This is a "semi-major" ratio so it has more "gravity" than our last one.
US market opens new week in an hour from now.
Lets see if we continue orbit or get flung right away.
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Note
( (( PING )) )Almost got to ATH then SLAMMED back down to our fib.
This my term "High Gravity Fib".
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Note
Here we are again AFTER hitting new ATH though, so likely we go back up.
Question is whether this fib at 65,255 will hold again?
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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
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.