Shown here is the same fib series in three different timeframes. Left chart shows its "Genesis" (birth) and the growth rings since. Right side charts show the same fibs but in smaller timeframes.
We are currently approaching a key fib ratio at 42,789.57 (on coinbase). This is a "minor" ratio (light blue) with semi-majors just above and below. The "Majors" are Golden fibs (1.618 multiples) last one was 32.8k bottom.
Thus we expect a reaction at 42.8k, either reject, orbit, or break and retest. The semi-major fibs around it will attract the price, hopefully to the one above. At the very least, we can be aware to take some profits if 42.8k starts to reject.
The has called all the major turns since 2015. It helped us call the (must see this). Then it helped us spot the Recently it helped us spot the
Sure, it has given false hope as well. After the top we hoped . looked to have a shot.
So the point is: The turn WILL happen at "a" fib, the question is "which" fib? But we get "exact" levels of interest for entries, stop losses, tp's. So we know quickly whether we are wrong or spectacularly right.
Thus we PREPARE to execute an "if-then" decision at each fib. Simply set an ALERT to let us know when price approaches one. The we look for a PING (exact ricochet) for a possible reversal.