SPX Bulls - Give up already ;) Do you need more Fibonacci or is this Fibonacci enough to let you bulls understand, you are trying to win a losing game (hhhhhh). I will accept defeat once the final Fibonacci speed resistance fan line has been beaten, but even then, I will be looking out for a double top.
In my opinion, this traffic zone is a desperate attempt of a trend continuation, however, there is no reason for this trend to continue currently. I think a test of the Jan 2022 highs will be enough to consider a macro reversal towards 7000, however, until then. Go to bed bulls - kappa? xD
Goldenratio
BTC_[Daily]_Trendline Support (Channel Bottom)BTC Daily Analysis:
Price is moving in within descending parallel channel for 155days now
Price is rejected from Channel top (resistance) and moving in short-term downtrend (acting as support).
It is also confluencing with 61.8% fib level (Golden Ratio)
It has also reached a long-term trendline support which is respected historically (except a recent fake break down).
A short term bullish setup until channel top can be taken (wait for green candle formation on hourly time frame)
BTC eyes on 63.3k: the Mason-Dixon line of correction from topThis is part of my ongoing analysis, see links below.
We have been orbiting 63.3k for several days.
It is a key level of the wave down from the top.
North of 63.3 is bullish, South of line is bearish.
This chart is also a good example of my concept.
The red fibs are extensions of an Impulse (fib 0.1).
Purple lines are retracement levels of entire wave.
Previous plots and logic that lead here (click the links):
- 73k Top Call no one expected
- Retrace Roadmap of Support zones
- 56.8k imagined but not believed
- Impulse Redux confirms the targets
- Fine tuned plot calls 56.8k bottom
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Does Fibonacci Really Work?It's hard to understand how the Fibonacci sequence presents itself in price action. I remember I used to think it was nothing more than lines drawn in a chart in a fancy manner. However, as I began to learn about probability distributions, I began to understand where the sequence reared its head into price action. Although I don't fully comprehend the theory behind the Fibonacci retracement, I did find a mathematical demonstration that proves price action and this sequence are related. You can find the demonstration in the link below. I'm unsure, but I believe this is peer-reviewed.
www.researchgate.net
However, you will notice that this approach is extremely different to the Fibonacci retracement. They look nothing alike. However, it's an interesting concept which could Shead light into understanding the fractal that governs price action. One of which is the Sierpinski triangle
So does the Fibonacci retracement actually work? Well I don't know, but there is only one way to find out, so lets try it
AAPL blasts to new ATH, heads up at $209 then 220 for pullbacksPart of my ongoing analysis, see links below.
Finally, a break of our 3 YEAR old resistance (see below).
WWDC event probably fueled the surge, albeit a day late.
Mapped are key resistances above, for possible pullbacks.
$ 208.26 - 209.53 is the immediate hurdle.
$ 218.76 - 220.68 is a more serious barrier.
$ 256.10 - 257.41 is next MAJOR resistance.
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Previous posts covering AAPL (click):
- Genesis (from birth) Sequence
- $197 was targeted 3 Years ago
- $159 was the focus 2 yrs ago
- Exact map of ATH Resistance
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I will post updates as price action progresses
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ANF retrace from ATH: eyes on $104 then 92 ideal retrace TargetANF has been on a relentless bull run.
It has obviously hit "a" top if not "the" top.
Mapped are key areas of interest for entries.
$ 111.65-112.64 is current support, should break.
$ 103.14-103.14 is the minimum expected retrace.
$ 91.53 - 92.54 is the 'Ideal" zone for long entries.
Key is to observe price action at each fib for clues.
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Pulse of an Asset via Fibonacci: AAPL at ATH Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part of my ongoing series to collect examples of my Methodology: (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
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Ordered Chaos
every Wave is born from Impulse,
like a Pebble into Water.
every Pebble bears its own Ripples,
gilded of Ratio Golden.
every Ripple behaves as its forerunner,
setting the Pulse.
each line Gains its Gravity.
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
ETH.usd eyes on $3431.83: Golden Genesis fib to determine trendShown above is the same Fibonacci series, in 3 different time-frames.
Assets have many Impulses in a lifetime, but only one "Genesis Pulse".
Genesis as in "birth", programmed with all of the DNA it will ever have.
That Impulse determines the "Sequence" of growth spurts and retraces.
Imagine it this way:
- Each owner of the asset convinces on average 1.618 others to buy.
- Like an undulating insect swarm, the mass decisions come in waves.
- As the swarm grows, the waves' amplitudes grow by 1.618 multiples.
This simple plot has called all major turns, including the 2021 top (click)
For your own copy of the Genesis fib, use this Single Page Version (click)
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Pulse of an Asset ala Fibonacci: ETH at a key Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part of my ongoing series to collect examples of my Methodology: (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
.
Ordered Chaos
every Wave is born from Impulse,
like a Pebble into Water.
every Pebble bears its own Ripples,
gilded of Ratio Golden.
every Ripple behaves as its forerunner,
setting the Pulse.
each line Gains its Gravity.
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
CRM eyes on 212 then 208: earnings dump nearing BUY levelsEarnings Report caused a massive dump.
Now approaching some key support zones.
The "wait 3 days" rule might bring it to us.
$ 212.34 - 212.34 is the first support below.
$ 207.55 - 208.20 next, a must-hold for bulls.
$ 223.06 - 224.58 is the immediate resistance.
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META eyes on 489.05 into Earnings: Golden Genesis fib Top or NotThis is a follow-up to my Big PIcture calling for $489 (click)
High Gravity fib has held us in orbit for 2 months.
Just got a retest on the day of Earnings release.
This could mark the top or start next leg today.
Time of this post is BEFORE the release,
chart will not show results until next day.
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Here is my big picture:
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ARM eyes on $103.xx: Key resistance to determine trend directionThis is a follow up to my $90 entry call (click).
After a considerable retrace we have a bounce.
The bounce is at a significant and key resistance.
What happens here could determine the next trend.
Immediate resistance zone is $103.14 to $103.82
Break above should run to golden fib at $117.36
Rejection could drop to golden below at $73.57
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DELL key levels into Earnings: Overbought? another Dip Buy opp?This is a follow up to my previous Dip-Buy plot (click).
New all-time-highs but pulling back going into earnings.
Supports below at $162.06 (minor) then $143.07 (major).
If earnings are seen as positive, watch $192.77 for break.
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Previous post that gave the dip buy entry:
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JPM eyes on $193.50: major support going into EarningsJPM is sitting on a Golden Genesis fib.
Earnings to be reported today afterhours.
Launch pad here? or fail and mark the top?
$ 193.50 - 194.69 is the immediate support.
$ 176.07 - 176.37 is first good support below.
$ 206.20 - 207.37 first resistance just above.
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Gold eyes on 2455.51: Sister fib of our bouncer and may RejectPart of my ongoing analysis, see links below.
Quick post to alert of a possible pullback incoming.
We are rapidly approaching a Genesis fib at 2544.51
Its sister fib is what bounced us strong from 2307.19
It is PROBABLE that we get some retrace from it.
It is POSSIBLE that to get a significant top here.
It is PLAUSIBLE to break and retest to continue.
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Previous plot of the Big Picture calling for $2700:
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Followup calling for 2300 retrace target:
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I will post updates as price action progresses.
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DKNG eyes on $35.50: Illinois tax hike dumped to MAJOR supportHigh flyer for the year with a decent dip now.
Major support here with a Golden Genesis fib.
Good possible long entry with SL just below.
$ 34.74-35.50 is the immediate support.
$ 33.01-33.21 is next support but minor.
$ 25.66-25.81 way below is ULTRA strong.
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ACH.usd Bottom IN? exact Break Out levels and Targets plottedACH is trying to paint a local bottom.
Chance for a scalp or to add to hodl bag.
We are looking for a Break-n-Retest entry.
Levels of Interest:
$ 0.030686 is the break out level to watch.
$ 0.0338-0.0342 is the Primary Target zone.
$ 0.0358-0.0360 is Bonus Target if strong bull.
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KCS.usdt Eyes on 10.536 for break which would say "Bottom In"KCS is trying to paint a bottom.
But currently stuck in a tight range.
Waiting for the tide to rise it seems.
$10.536 is the proven resistance.
$12.277 is the minimum target.
$ 9.998 (or 10) crucial support.
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Here is a full view of its "Genesis Sequence" that all of these levels come from
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I will post updates as price action progresses.
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PEPE Ping that may have wrung in the TOP? eyes on 143kQuick alert that PEPE has just Ping'd a major fib.
Golden fib of many that it has come through so far.
IF there is a top anywhere NEAR here, then THIS is it.
That exact ricochet from the fib is what I call a "Ping".
That comes from "Give me a ping Vasilly, One Ping Only".
That describes it well, like you can almost "hear" the turn.
And my Rule about Pings:
"Not all Pings start a Reversal, but Most reversals Start with a Ping"
If we start pulling back, watch each fib on the way down for clues.
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RUNE eyes on $ 4.31 for key Support and possible Launch PadRUNE eyes on $ 4.31 for key Support.
Possible launch pad for next leg up.
Failure of that level could drop hard.
This is a follow up to previous analysis
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PEPE.usd eyes on 88.2k: proven Golden Fib for High supportThis is a followup to my 55k breakout call (click)
PEPE is nearing a Golden Fib at 88.227k (whatevers)
This fib as been proven recently with several Pings.
As have its sisters, all proven to be alert and active.
If this Golden fib breaks, then the bull run may be over.
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Previous Analysis that caught the breakout entry:
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