558 and 89 cents: BNB target and possible Top per Golden Ratios

Binance token has been on a parabolic climb, as we all know.
The waves have been perfectly aligned with a "Golden Series".
Of note are the reactions at the Gold lines (1.618 multiples).

It is POSSIBLE we have topped at the Fib just below Gold.
It is PROBABLE that we see one more push for the Gold.
It is PLAUSIBLE we go higher, but likely after a pull back.

Notice the many "Pings" (exact ricochets) and reversals at the fibs.
ie: "Not all Pings start a Reversal, but Most reversals Start with a ping".
No surprise if the entire wave ENDS on a fib, especially a "Golden" one.

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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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評論:

Making perfect progress.

Quick update with a small tf look at the Price action since posting:

Those are two "Pings" (exact ricochet) on the blue fib.
Such a perfect retest of previous resistance is a great sign of strength.
So 588 is in clear sight now, and seems VERY likely to hit.

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評論:

^^ correction to post above: 558, (not 588) is in clear sight now ...

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評論:

Yup, be ALERT at 558-560

Adding local fib of last wave (thin lines) to original high tf fib (thick) ;

The original Golden fib at 558.86 is now reinforced by a Golden level of local wave.
So the odds of a pullback from that level have now increased dramatically.
It may well pierce it initially, but careful if entering on breakout, it is likely to pullback even if above the zone.

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評論:

Target BREACHED but will it hold?

Just got as surge to pierced the zone

Zoom IN (1 min)

getting a bit of a pullback already.
But nothing yet to indicate a top.
Looking very strong I must say.

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評論:

Well so much for my 588 "line in sand".

It just spit on it and rubbed it in with heel of boot before walking past

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Next major "confluence" is at 690

with various solo fibs in between.
Any one of those could start a serious pull back.
Starting with the blue 9.471 defending $600 round.

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This BEAST looks like it will go at least a couple more fibs now.

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評論:

( ( PING ) )

There it is, Ping on the Major fib

Now to see if our previous resistance at 558/60 can be flipped into support.

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評論:

Back to the Golden Fibs of Destiny.

Dancing on the KEY level

the original target of 558 would be nice to hold.
But is too early to assume so much.

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Also, I like to say "B ware wave B". As in we might get an A-B-C correction something like this

Just a first GUESS, but those levels make sense.
Wave B could go up to 600, then wave C down to 500.

And that would make a Round Trip between Sister fibs

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Lets see how US session plays risk sentiment today, which might offer more clues.
For now, I am in wait-n-see mode, and if we get near the 509 price, be ALERT for possible reentry.

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評論:

Key decision level here

Start a wave 5 up?
or continue bigger wave C already started?

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評論:

Followup on last snap above ^^

Looks like Wave C under way now after failed wave 5 up

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Based on that progress and adding a local fib for wave C thus far:

LOCKS in 509.09 as a MAJOR target.
Maybe we do not go there, or maybe slice right thru it.

But IF it gets there and gives a "Ping" (exact ricochet) ,
THEN we can start contemplating the end of correction.

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評論:

Per the last snap shot above, I have posted a new short term Idea here:

509 still a likely target, and if hit, we want a loud "Ping" (an exact reflection of such recoil that you can almost HEAR the sound emanate off the chart). On the above chart I have another target below at 478.

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