BTC approaching next Genesis level at 45,163. Will it hold?
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Quick heads up regarding key levels to watch.
The Genesis Fib has been spot on with all turns.
Each level has been a battle in both directions.
52.8k was the Major support to have held.
49.1k was the nearest support which tried.
45.2k now the next hope for a bottoming.
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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
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
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
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The Genesis Fib has been spot on with all turns.
Each level has been a battle in both directions.
52.8k was the Major support to have held.
49.1k was the nearest support which tried.
45.2k now the next hope for a bottoming.
.
I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
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
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
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Nota
Here we are45,163 per the Genesis Fib
Zoom IN (1min)
But will it hold? Hard to say, but at least a dead cat bounce.
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Nota
45,163Bulls trying again
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Nota
Here we are again.Not looking good
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Nota
What a ride!Back to the 45,163 tradingview.com/chart/InQFeLzD/ and looks likely to orbit for a bit.
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Nota
Opps, bad paste, Image of return to the fib in question s3.tradingview.com/snapshots/2/2aNSczTX.png==============================================================================================
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Nota
Argh, try again: and Zoomed IN
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