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"Pulse'' of an asset times Fibonacci: Bitcoin near Impulse Redux

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
This is part of my ongoing series "Pulse of an Asset times Fibonacci".
An "Impulse" in any market creates "Ripples" like a Pebble into Water.
Sometimes a Wave returns to the Impulse, should be observed carefully.

This Impulse was the drop from 7400 over six months ago.
Its Ripples marked almost every turn in price since that time.
The Wave has since walked back up the same staircase near top.

1.618-1.236 Band will be first line of defense for the Bears of the Impulse.
0.618-0.382 Band will be the "Core" of the Impulse with maximum power.
1.0 and 0.0 Boundaries of the Impulse are also worth watching closely.

Rejection from Outer Defense is expected but may return.
Penetration of Impulse Boundary should be scary for Bears.
Penetration of Impulse Core means ultra-confident Bulls.
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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.

Confluence of 2 is Dependable.
Congruence of 3 is Respectable.
Coincidence of 4 is Worshipable.

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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May 10
Comment: Getting close to Outer Defense (live chart above is not playing yet cuz I only posted an hour ago)

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May 10
Comment: Here we are, snuggled up against the 1.618 bears should be worried, very worried, that it did not reject instantly.

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May 10
Comment: Ping ...
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May 11
Comment: Took a couple steps back, got a running start, and punched right through it
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May 11
Comment: Stopped short of the Core. Pull back not yet looking serious but buying has slowed
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May 11
Comment: So much for those bears, impaled swiftly and mercilessly WOW

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Wonderful work. I love this concept. Organic - makes sense.
Reply
Hi, thanks for the nice idea! BTC looks parabolic, do you expect it to retrace?
Reply
@NGNPRO, Hello and thanks for stopping by.

I HOPE it retraces, so that we can build a healthy uptrend.
It is already near parabolic, but still within confines of an Elliott Wave 3 type.
My other Idea below shows my guess at EW pathway.
But I am hoping we get a clean wave 4 retrace right about now.
The the other plan:
Reply
@NGNPRO, if we DONT retrace soon, then the eventual retrace will steeper and more destructive in the long term ...
Reply
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