EuroMotif

Bitcoin "Ping" that may have rung in the TOP key levels to watch

COINBASE:BTCUSD   Bitcoin
Wow, what a ride this has been since March.
Now we have some early signs of a top/retrace.
Most telling is the very "Loud" Ping on a major fib.

22.9k is the immediate resistance.
21.9k should be immediate support.
20.4k would be retest of previous ATH.

Previous Analysis based on same fibs:

Covid bottom Ping heard around the world:

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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".

My TV collection of ideas detailing the Concepts:
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
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only

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the Moderator Tag is my Flag
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