Plotted are two fib sequences from drastically different timeframes. Thick Blue lines are from Bitcoin's "Genesis" Sequence, . 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: Chapter 2: Chapter 3: Chapter 4: Chapter 5: Chapter 6:
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Almost there!
Inching towards the goal line watching closely here. Look for a "Ping" rejection, or "Orbit" around those fibs a few times.
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.....