Market sentiment as been "fearful" on the "verge of panic". This post is just before a key NY market open on a Monday. Equities have been diving, NY can turn it or fuel the panic.
Bitcoin in particular has retraced most of its last bull move. It is now approaching the crucial "Impulse" zone and its "Core". This was a very tall Impulse so the Core has a large price range.
"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 buyers still there? Enough to absorb the selling 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: Chapter 2: Chapter 3: Chapter 4: <= Current Example Chapter 5: Chapter 6:
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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.
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Of note, ZEC (zcash) was in a similar situation yesterday, at its impulse redux, posted here that coin fell through a very similar impulse zone (the impulse that started the last wave up).
My basic concept comes from Physics, "f=ma", "object in motion" etc.
If you are interested in more details, check the links in the Idea description above.
(i dont sell anything, just sharing my discoveries here).