EuroMotif

The "Pulse" of an asset times Fibonacci: BTC at dreaded 9.618

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Part of my ongoing study of Fibonacci Extensions and their relevance to all Assets.
The 9.618 is a particularly interesting extension, quite often a Murderer of Moves.
Confidence in the plot is gained by the number of Pings (exact hits) on fib Ratios.

Was it the End of the Trend, or just a Bend?
Or maybe it will Suspend, only to then Extend.
But IF the End, then a 9.618 will have Portend.

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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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Comment: Nice Ping on the 4.236 as was expected Correction to this small wave "should" be done now, but lets see. Hitting a 9.618 is always dangerous for the drop

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Comment: 4.236 did not hold, but 3.236 seems to have held lets see if the bounce gets past local high without testing Band 3 again

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Comments

with so many retracements, how would one determine the situation. Specially on longer time frames.
+1 Reply
EuroMotif aakeelr
@aakeelr, Hi, good question!
"which one" will make it "turn" is always hard to say.
BUT, I can have confidence that "when" a turn happens, it will be at "one" of those zones.
Normally I look for "Confluence" zones to narrow down the likely candidates.
Such as this plot below, several fibs from different time frames were used to plot the green support zones
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Taiwan_Bear EuroMotif
@EuroMotif, good question and good answers. So excited to see another strategy in trading the markets. Good stuff
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Taiwan_Bear Taiwan_Bear
@Taiwan_Bear, how can this not be on the first page of TradingView?
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EuroMotif Taiwan_Bear
@Taiwan_Bear, TY!
I am in awe every day that it actually does what it does, like the live chart above.
I be like "Really? Did you really just do that? .... nah .... no way ....wait ..... wtf ? "
And all assets do this, on all timeframes....
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Taiwan_Bear EuroMotif
@EuroMotif, Truly amazing work. I am trying to apply your strategy together with mine as the way I define structures are heavily based on fibs.
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Update. Thanks.
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Still need to fill a CBOE gap at 8440-8500
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Interesting the way you use the fibs.

Coincidentally, the 9.618 is also where the 0.382 retracement since ATH.
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EuroMotif Taiwan_Bear
@Taiwan_Bear, "Coincidentally, the 9.618 is also where the 0.382 retracement since ATH."
Indeed! It is quite bizarre how the "Impulse" that created this series apparently "knew" of the .382 way up there ...
+1 Reply
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