EuroMotif
Education

Pulse of an asset in Fibonacci: BTC's 6 points map its LifeTime!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Plotted are 3 "Impulses" and their accompanying "Ripples".
Those three Fibs (Impulse Waves) have defined every turn.
Current battle lines are pitched at the base of 3rd Impulse.

Left Chart is Weekly Line graph, based on the Close.h
Right Upper is Daily Heiken Ashi candles for flow.
Right Lower is 4 hour Candles for precise view.

Part of my ongoing series to collect examples of my Methodology.

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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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Comment: Line by Line battle

The fib at $7207.99 has been the battleground for last few days Fell through earlier, but now bulls are trying to establish it as support.

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Comment: PIng

HI on candle 7207.87, fib at 7207.99 .

WOW

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Comment: Why Pings matter (continuation from last snapshot above)

Not all Pings start a reversal, but most reversals start with a Ping \

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Comment: Ping .... again ....


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Comment: 7207.99 AGAIN


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

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Comments

Nice analysis, good work
Reply
thx mate
Reply
nice work as ever Euro! So a clear break above 7600 would be super bullish? or could we still see a hefty pull back do you think?
Reply
EuroMotif adomakin
@adomakin, ty, and yes, establish 7450/7500 as support, then break about 7600 should launch a good run.
Need to see what Wall Street does on Monday, as that will probably set the tone going into EOY ...
+1 Reply
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