Pulse of an Asset via Fibonacci: BTC at ATH Impulse Redux

"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.

Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.

Part of my ongoing series to collect examples of my Methodology: (click links below)
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 <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili, 1 Ping only

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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.

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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want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.

Comment:

Here we are:

_ popcorn _

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Comment:

"Rejection is expected on at least first approach if not several."

Strike 2

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Comment:

Indeed: "Rejection is expected on at least first approach if not several."

Took that initial rejection pretty hard.
Golden 4.236 (1.618^3) gave valiant effort to bounce it.
But now it has been taken by the bears, confirmed by retest.

But all hope is NOT lost. This was EXPECTED.
Now a question of how deep to drill to find more fuel.

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Comment:

And the Retreat continues, BUT with a sign of hope

we knew the 4.236 was lost even after herioc efforts.
But that sister fib 5.236 is giving it a try.
Now if we can get past that 4.236 again, we might have a reversal.

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Comment:

Preparing for another attack on the Core, maybe over the weekend.

Got a good bounce from the 55.5k area

and got back to the 1.618 of this fib series.
Pulling back now but lets see what we can investigate:

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Looking at the pullback from the Core, we have a new fib

very good reactions on these ratios.

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Adding the new fib (now Dashed) to the original fib (solid)

We have a "mappable" area now.

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Mapping the confluence zones, we have some precisely defined zones of interest

Currently at a somewhat precarious spot. The support around 56,669 is now key,
because under it is hit-or-miss support until 56k round number where we have a double fib.

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SUMMARY:
- Bounce thus far looks great, got back to the 1.618.
- 56.6k would be nice to hold but looks unlikely.
- 56.0k is quite possible, and we should be prepared for it.

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