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Pulse of an Asset via Fibonacci: BTC at minor Impluse Redux

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.

Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.

Part of my ongoing series to collect examples of my Methodology: (click links below)
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 <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only

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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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want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.

Comment: "Rejection is expected on at least first approach if not several."

And so it did
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Zoom IN (3 min) Noticed the many blue arrows showing exact reflections (Pings) off Impulse bottom.
Also of note the Green arrow below, another Ping on the 1.618 of that Impulse.
Ping confirms this fib's influence is still profound.

Lets see if bulls can mount another attack.

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Comment: Second rejection was strong.

Bears able to push much harder on second approach Helped by tech stocks and gold pulling back as well.

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Zoom IN (1 min) pretty cool how tight it is hugging that fib,
but looks like it will drop or maybe more like "drip" from there....

None of this is surprising action around the Impulse zone.
Originally it has enough energy to push past Band 6 (6x amplitude).
Thus expectable that second push goes into Band 3 (1/2) SO FAR, lets see.

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Comment: Back in the CORE

Start of week in Asia, Sunday night in US, pumped exactly into the Impulse Core Now we observe the action here.

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

Comments

Could you clarify what the reaction might be: in which direction do you anticipate the "Ripples" go - up or down?
Reply
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