EuroMotif

Where might Bitcoin go next? How many guesses am I alllowed?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Plotted is the "Golden" Fib of Bitcoin's rise from 9k.
Circled are the many "Pings" confirming the fitment.
Marked is a first guess as to Bitcoin's next destination.

Of course it can do absolutely anything, from anywhere.
No one knows "which" fib ratio will reverse it completely.
But the odds are very high that it will turn at "A" fib ratio.

My Last Call was for $12,644 Target (click).
May have gotten close enough at $12,485

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Recent Plots of Covid Crash and Recovery:
Covid-19 Crash : $3850 Bottom Taggged <= Fib nailed it.
Bounce Update: $6950 top Plotted
Bounce Update: $5900 launch caught
Last Retrace: $8106 Bottom Call <= Fib again.
Last Big Hurdle: 12k Impulse Core
Last Target Plot: $12644 and 38 cents <= Still Possible

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My older charts catching every key turn and giving early warnings:
Mar 06, 2020: 9.2k Top Call
Feb 13, 2020: 10.5k Top call
Feb 10, 2020: 9.7k Bounce <= mapped within $10
Feb 08, 2020: 10k Targetted
Jan 17, 2020: 9k barrier Foretold <= Warning in Time
Jan 07, 2020: 8475 Top Call <= Mapped within $5
Jan 01 , 2020: Sub 7k Foreseen
Dec 29, 2019: Big Picture Fibs <= the 3 Fibs of Life
Jun 02, 2019: 14k target call <=Perfect TP
May 12, 2019: 10k target call
Dec 03, 2018: 3.1k bottom call <=EXACT 2018 bottom

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My "Book" detailing my Methodology with Numerous Examples:
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: ( ( Ping ) )


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Comment: Zoom on Ping:

off by $10 out of 11.6k!

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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Comments

Hi! thanks for great work. do you recommend any high quality literature on fibonacci tools and golden ratio in trading / price trends?
I've been tinkering with fib-based tools (extension, retracement, spirals) and i can see that they make sense a lot.
Especially taking in account their nature and the price of any asset being kind of a representation of the collective consciousness.
Reply
EuroMotif hophop11
@hophop11, Hello and thanks for your feedback.
The fib methods I use are self-developed, and I have no seen any others doing this quite this way.
So I have published a few Ideas where I collect examples continuously, such as this Idea That one is "Chapter 6", last one posted, but the first five are linked within. Best to start with ch 1 and 2 with hundreds of snaps showing the basic concept, while the rest are studies of specific phenomenon
+1 Reply
Wow. spot on!
Reply
@bacool, @bacool, it was, briefly anyway....
My methods indicate the next likely targets, but of course one never knows it if will bounce there or keep going.
So the idea is watch each level, to gauge the reaction. Or, use the fibs for placing SL, say one fib behind current price, etc.
Reply
Great analysis. Looking forward to other alt movement!
Reply
Hahahaha, your title gave me a good laugh.

My thoughts are BTC up to ~12,500 to shake out shorts and then smash down to ~9500. Pure gut, no TA
Reply
EuroMotif DrogonAzul
@DrogonAzul, Hehe, thanks!
Your BTC path is of course entirely possible, lets see how this plays out from here, at a key level right now..
Reply
Thanks for the detailed analysis bud.
Reply
EuroMotif jams472000
@jams472000, You are welcome and thanks for your kind feedback.
Reply
very nice
Reply
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