BTC might be topping for now? 7409.24 gdax the top?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Just a fib wave that I have been following since the bounce started.

I first bought in at 5950, per this plan:
I have been closing pieces of my long position above the 7100 price, and each fib it hit above that price.
I am thinking it in nearing end of cycle, and getting ready for a correction.

Let see what happens at 7409.24, a 9.618 extension of the initial impulse.
It was approached and rejected at 7402, so it might now blow through the 7409....

Comment: Wow, guess that was indeed a top (temporary?) I am now plotting retrace possibilities.
Comment: Nothing like the elevator down after the stairs up. This could go deeeeeeep!
Comment: This fib is apparently still valid!
Even after the massive pullback, the resonances are proving their validity
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Wealthy I am not
Needy I hope not
Gifts do help out

🙏 BTC 🙏

send When you Can
send What you Want
gain Gratitude you Will


yer strong resistance above, long term downtrend resistance + the .618 fib of the last swing both in the same spot. We were forming a nice ascending triangle but it seems to have failed and had a fake out.

On the flip side the shorts went crazy high at $7200, we're loaded heavy with shorts, any further up and it could quite easily trigger a short squeeze that shoots us straight up through the long term downtrend line, which in turn would trigger new buyers to come in.

Interesting zone, ive been out since about $7000 waiting for a re-entry
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out