61,256 and 44 cents coinbase: Bear's LAST Stand before new ATH
Updated
Here is the Bitcoin Genesis Fib, same plot in different timeframes.
"Genesis" as in "at birth", establishing a lifetime rhythm for growth.
Also an example of a "Golden" fib as in Parabolic growth versus Linear.
This single fib has caught all major turns in bitcoin's life. (click links below)
Recently forecasted the (52.8k peak), (48k to 40k drop), and (45k last dip).
In conjunction with other local fibs, we last expected (57.9k then 61k).
52.8k was Bear's BEST defense, and almost defeated the trend.
61.3k is now a LAST stand, break should give new All Time High.
To see targets ABOVE current windows, drag a price scale DOWN.
Clearly this fib's levels are and will be key landmarks forever.
Use the "Make it Mine" option under SHARING for your own copy.
If unable to save multi-frame charts, use this (Single-Pane) version.
"Genesis" as in "at birth", establishing a lifetime rhythm for growth.
Also an example of a "Golden" fib as in Parabolic growth versus Linear.
This single fib has caught all major turns in bitcoin's life. (click links below)
Recently forecasted the (52.8k peak), (48k to 40k drop), and (45k last dip).
In conjunction with other local fibs, we last expected (57.9k then 61k).
52.8k was Bear's BEST defense, and almost defeated the trend.
61.3k is now a LAST stand, break should give new All Time High.
To see targets ABOVE current windows, drag a price scale DOWN.
Clearly this fib's levels are and will be key landmarks forever.
Use the "Make it Mine" option under SHARING for your own copy.
If unable to save multi-frame charts, use this (Single-Pane) version.
Note
We have a BREACH!Just pierced the fib at 61,256
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Note
G.R.A.V.I.T.Y. ==============================================================================================
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Note
Correction starting?We have a bit of a downturn at the fib
but a Doji on the 12 hour,
and right at the Gensis level.
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Zoom IN (3 min) and we see a clear WARNING:
we now have a Ping from the UNDER side.
So it is a warning because of my observation:
"Not all Pings start a Reversal, but Most reversals start with a Ping."
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Note
Oribt getting tight Very tight
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Note
Here we are again.Pretty good dip but right BACK to our line
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Note
( WOW ) Zoomed in 1 min chart:
That fib being from the big picture above,
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Note
We have "Escape Velocity"Beautiful retest and launch from our key fib
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Looking above on 12 hour
69,096 secondary target, and a "minor" fib ratio.
72,937 third target and another "semi-Major" ratio.
Lets see how it goes, might reject from 65,255....
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Note
Here we are again!After a new ATH, we are back to this key level
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Zoom WAY in (1 min)
Such a "loud" Ping usually marks a turning point.
But bulls are filling that wick, so the battle continues.
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