"Pulse" of an asset times Fibonacci: BCH crucial Impulse Redux

Bitcoin Cash has been very strong last few days.
Now at maximum resistance near $300 round number.
It will likely reject at first, but lets see if bulls persist.

"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.

This is part my ongoing series to collect examples of my Methodology.

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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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評論:

Forgot to update this one.
BCH rejected from the Impulse Zone (and precisely) and has since been cascading down the fib steps

Notice how it hung on each band for some time, and when no buyers stepped up, it dropped to the next band. Now, it is possible we are nearing a bottom, am plotting a new chart now.

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