29,806 and 96 cents: Where BTC could "Top" without hitting 30k !

Plotted are two fib sequences from drastically different timeframes.
Thick Blue lines are from Bitcoin's "Genesis" Sequence, posted here (click).
Thin Green lines are local "Pulse" fib, which sets the increment of movement.

The precise confluence of both fibs at 29,806 is very interesting.
IF we get there, we can expect on of two reactions at that level:
1) Reject instantly, or 2) Go into "orbit" around it and decide later.

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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

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Comment:

Almost there!

Inching towards the goal line

watching closely here.
Look for a "Ping" rejection, or "Orbit" around those fibs a few times.

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Comment:

Here we are.

Moment of Truth

Need to be very alert here.

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Comment:

Now in Orbit

Such high Gravity fibs often capture price into Orbit

and it looks like the Orbital path is gaining in amplitude.
Quite possible we get a "sling shot" to either side.....

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