Ethereum continues to climb up its Genesis Fib levels. Just passed a "minor" ratio at 3261.70, last topping point. Next up the Golden (1.618 multiple) level at 3431.83.
If it does NOT reach it, AND fulls thru 3261, signals possible top. If it DOES reach the Golden Fib, it could continue to new highs. If it NEARS the Golden Fib and slows down, expect some "Orbits".
Drag DOWN on PRICE scale to see levels above window. Click SQUARE icon in lower middle to blow up ONE frame. Hit "Make it Mine" under SHARING to make your own copy.
If unable to save/interact with this multi-pane chart, see this Single Pane idea: <deleted>
.
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: Chapter 2: Chapter 3: Chapter 4: Chapter 5: Chapter 6: Chapter 7:
.
Comment
⋅
Oh My !
Target hit and retrace under way Actually, the ENTIRE market pulled back with it. Like an unstoppable Force hit an Immovable object HERE, and that ShockWave was felt across the entire CryptoVerse.
.
Zoom IN (1 min) for a closer look: It Danced on top of the Golden fib for a brief moment. Just long enough to ascertain the EXACT location. Like a tear in the SpaceTime Continuum it was found.
Right back to Scene of the Crime That was a quick return, and now the real test. As mentioned in original Idea, the fact that it HIT the Golden Fib showed strength.
Zoom WAY IN (5 sec) Yeah, that is the KEY level allright.
It could still reject here. But I am thinking we go into "orbit" around it for a bit.
Still orbiting the Golden Fib, 8min view here: Currently above the equator, but firmly within the gravitational pull. It is a Good sign getting back above without tapping the blue fib below. Now the question is whether the bounce can achieve Escape Velocity.
Zoom IN (1 min) That was quite an intimate interaction with the Golden Fib.
.
Zoom WAY in (5 SEC) for a close look at the PA around the fib and there is a clear "Impulse" emanating precisely from the fib.
Zoom OUT all the way to 1 min (lol) and Lo and Behold! That "Impulse" set of the parabolic "Ripples" of the wave. But now it might need a NEW Impulse to carry it further.
.
SUMMARY: - Still in orbit of the Golden Fib. - We got one good Impulse and wave. - Might need a new Impulse to keep going.
Trying to transfer funds today, bank holiday in UK yesterday and Banks in France closed on a monday, haha anyway working on it now, want to purchase some eth what's do you think the chances are of it getting back down to €2500 hate the FOMO arrgghhh
Aerism
⋅
@TobesVibration, What a shitty banks. In the Netherlands we are fully digitalized. With something called ideal, instant transfer. I have my funds in literally FEW SECONDS on my exchange. It cost like 1,30 euro.
TobesVibration
⋅
@Aerism, your lucky, stilll trying to transfer funds now, wish me luck, international shizzle
LotusTrading20
⋅
@TobesVibration, if rejection confirms could come to 1000 even (breakout retest) ...let it settle...
TobesVibration
⋅
@LotusTrading20, Hi, thanks for trying to chill me out, actually its happened to me before where the slow bank transfer ended up saving me some money from FOMO, I am thinking a great target would be €2500, amazing €2000, if it goes to €1000 I would be sad, its been a great year for ETH and it deserves better than that, if she gets to €5 or €6k by the end of the year I would be happy, I think some bullish news may blow her up more. I am waiting for this € transfer to arrive and will be glued to the screen hoping she settles as you say, cheers again :)