BTC bubbling against 3 MAJOR fibs going into FOMC wednesday
Strong bull push from 52.8k Genesis fib to sister Genesis at 61,256
There is also a fib from the "Top Down" wave just below at 60,820
Lastly there is a fib of the "Covid Sitmulus" wave hovering at 60,298
Thus we are hovering just below a MAJOR resistance zone.
Within the next day (of this posting time) is the FED decision.
This FOMC meeting is to start the RATE CUT process tomorrow.
Bulls should be CAREFUL here.
Bears should be CAREFUL here.
Sheep may stay careLESS here.
.
Below are links to the 3 fib sets in full.
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"Genesis" wave (called every top since 2015 including our last one):
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"Covid Stimulus" wave (caused by FED printing and often reacts with FOMC)
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"TopDown" wave (from the top, nailed the lower high from 73k):
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There is also a fib from the "Top Down" wave just below at 60,820
Lastly there is a fib of the "Covid Sitmulus" wave hovering at 60,298
Thus we are hovering just below a MAJOR resistance zone.
Within the next day (of this posting time) is the FED decision.
This FOMC meeting is to start the RATE CUT process tomorrow.
Bulls should be CAREFUL here.
Bears should be CAREFUL here.
Sheep may stay careLESS here.
.
Below are links to the 3 fib sets in full.
===============================
"Genesis" wave (called every top since 2015 including our last one):
=================================================================
"Covid Stimulus" wave (caused by FED printing and often reacts with FOMC)
=================================================================
"TopDown" wave (from the top, nailed the lower high from 73k):
=================================================================
Note
Test, Break, Run....
(yellow shaded region to indicate PA since posting)
Ran to the next cluster
Which includes a Genesis fib and TopDown Fibs.
.
.
Zoom IN (m5)
Currently oscillating between two TopDown Fibs.
The 2.618 at $63,306 is the KEY level around here.
.
63.3k is a VERY BIG deal, as posted in this Idea:
.
SUMMARY:
- Strong break and pop to next Resistance cluster.
- 63.k is the key again, 2.618 of Top down wave
- Bulls need to hold 63.3k and break 65.25k next.
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