Shown here is the same fib series in three different timeframes. Left chart shows its "Genesis" (birth) and the growth rings since. Right side charts show the same fibs but in smaller timeframes.
We are currently in serious danger of falling to $40,415.83 (on coinbase). That is a "semi-major" ratio (dark blue) with minors just above and below. The "Majors" are Golden fibs (1.618 multiples) last one was 32.8k bottom.
Bull's best chance to avoid 40k is to get back above the 42.8k fib. Ideally bulls would hold "orbit" around that fib until Monday NY open. That orbit would be an ideal floor if risk sentiment turn positive soon.
My last post warned of a possible (click). The Genesis fib also called the (must see this). Then it told us to prepare for the .
Sure, it has given false hope as well. After the top we hoped . looked to have a shot.
So the point is: The turn WILL happen at "a" fib, the question is "which" fib? But we get "exact" levels of interest for entries, stop losses, tp's. So we know quickly whether we are wrong or spectacularly right.
Thus we PREPARE to execute an "if-then" decision at each fib. Simply set an ALERT to let us know when price approaches one. The we look for a PING (exact ricochet) for a possible reversal.