EuroMotif

Are we there yet? BTC might finally pullback from 33k?

EuroMotif Mod Updated   
COINBASE:BTCUSD   Bitcoin
Quick post to alert of a major landmark being hit.
We have hit the next Golden ratio on bitcoin's Genesis Fib.
You don't just walk by a Golden oOne without paying homage.

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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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Comment:
Pullback Caught, Bounce Caught

So we got a pullback from the expected area, and a spectacular bounce off a pre-mapped support
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Zoom IN (5 min) for a closer look at the peak and bounce Top was the Ping on dotted fib, even though it went a little higher, it has rung in that top.
The bounce was also EXACTLY from a mapped zone, off its upper bound.

Now to see if the bounce was a "wave B", with a wave C down to come yet?
So far this bull run, wave C's have not happened, or have been truncated.
Watching closely here, we are right back at the true resistance zone up here.

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Comment:
Long overdue Update, but a quick comment:

32,741 is a BIG deal as can be seen by the recent reactions, and an example of how fibs become MORE accurate with time.

That level is from bitcoin's Genesis fib so it was "forecast at birth" to be a key level of growth,
and NOW every human/bot/indi sees it clear as day.

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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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