Followup to my previous analysis for ONE.btc (Harmony). It bounced exactly from where it. Now it has returned to the Impulse that caused the drop.
"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 the first approach if note more.
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See some of my other plots and trade calls below. I also plot Forex and Stocks, take a look at my profile page.
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Of course, I have had total FAILS on some ideas too, not going to pretend. But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
@chocotraders, not for me, not here.
Am waiting to see outcome of the Impulse battle.
It may well lead to lower low (cuz the Impulse might cause a lower high).
If it breaks above the Impulse Core, then a retest of Core might be long entry.
ie: This impulse zone would determine whether Pump-n-Dump is done, or more Pump to come ...