Quick post to observe behavior at what should be strong support.
Methodical drop has been following the Blue Fib quite precisely.
Last wave was stared by the Red Fib's Impulse, looks not done.
The confluence of fibs is where the strong zones are found.
$ 6503/15 is on EVERYONE's radar, so lets see what it does.
$ 6425/30 is LIKELY, to run strops below "obvious" support.
I am a long term bull, but I think $5882 will be tested at some point.
The sooner we can shake all weak hands and consolidate, the better.
Also, there are a record number of LONGS on BitFinex, like WTF?
Part of my ongoing Bitcoin analysis, been hitting every important turn (click):
5882 critical number <= Looks Very Likely
7800 Dump Warning <= Just in Time!
7080 Rocket Foreseen <= Fib within 20 cents!
7860 Retrace Call
7650 Resistance Map
6850 Bounce plot
8700 Top Call
21k possible target <= Still Plausible
9k bounce call
14k target call <=Perfect TP
10k target call
7.5k bounce call
3.1k bottom call <=EXACT 2018 bottom
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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Methodical drop has been following the Blue Fib quite precisely.
Last wave was stared by the Red Fib's Impulse, looks not done.
The confluence of fibs is where the strong zones are found.
$ 6503/15 is on EVERYONE's radar, so lets see what it does.
$ 6425/30 is LIKELY, to run strops below "obvious" support.
I am a long term bull, but I think $5882 will be tested at some point.
The sooner we can shake all weak hands and consolidate, the better.
Also, there are a record number of LONGS on BitFinex, like WTF?
Part of my ongoing Bitcoin analysis, been hitting every important turn (click):
5882 critical number <= Looks Very Likely
7800 Dump Warning <= Just in Time!
7080 Rocket Foreseen <= Fib within 20 cents!
7860 Retrace Call
7650 Resistance Map
6850 Bounce plot
8700 Top Call
21k possible target <= Still Plausible
9k bounce call
14k target call <=Perfect TP
10k target call
7.5k bounce call
3.1k bottom call <=EXACT 2018 bottom
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
Comment:
ZOOM to 1min
Close look at that first support zone in bright green
will probably break but good confirmation.
So I look to the next support below,
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Close look at that first support zone in bright green
So I look to the next support below,
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Comment:
Ping
not loud enough, will go lower :(
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not loud enough, will go lower :(
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Comment:
What a PING!
Well that last Ping turned out a lot "Louder" than I expected
As in real live, sometimes the "aftershocks" can accelerate the wave.
But lets see if the bulls can persist or will be wicked out again :(
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Well that last Ping turned out a lot "Louder" than I expected
But lets see if the bulls can persist or will be wicked out again :(
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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