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Pulse of an Asset via Fibonacci: BTC Impluse Redux: Round 2

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.

This is perhaps Bears' Last Stand before 12,644 target as posted here (click).

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Part of my ongoing series of 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: Thus the Power of the Core

"Rejection is expected on first approach if not seveal'
Zoom IN (3 min) for a closer look at the Core first a consolidation (distribution?) within the exact bounds of the Core.
Then a strong rejection and now bulls are fighting to get back in the Core.
The fib series is proven to be valid stil, so all levels are of interest.

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Stay tuned .....


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Comment: Core Wars round 2 in progress

Bulls penetrated the Core again but were kicked out again, but not as vigorously as last time.

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Zoom IN (5 min) for a closer look at recent pa Some observations:
Bulls did not get very far into the Core
Rejection was not very powerful, bulls still hanging around.
Ping at the 1.235 may be bulls' best chance for next attack.


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Comment: Back in the Core


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Zoom IN (15 min) on the core looks like the Rebels may have celebrated a bit too soon,
Core Wars still going. Seems likely to head lower before heading higher.

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Comment: Core Wars round 2 at risk of going to the Bears again

Impulse was breached but bears quickly dragged it back down
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Zoom IN (15 min) for a closer look all levels still very relevant.
So the Core will still be the precise resistance zone.
Now we see how deep this rejection goes compared to last one.

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

Comments

We're heading back into the core...
Reply
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