BTC near term Support Resistance zones: Retrace Almost Done?

Quick post to alert of nearby Support and Resistance zones.
Currently at a resistance after good bounce on support.
Correction near end, but one more dip below 30k possible

Drag DOWN on the price scale to see above/below chart.
Drag RIGHT on the time scale to see more Fib history.
I will post updates below as price approaches Key levels.
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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:

Looks to have flipped resistance

next hurdle going into 32.3

Getting past 32.3 and establishing that as support would be a BIG deal for bulls.

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評論:

Nice strong bounce right into the next resistance

Safe to assume we have established the resistance below as support, so will be green next.

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評論:

Big move, Big update

Since last post above, we got past the "Major Resistance" at 32747

That level is a BIG deal because it is part of bitcoin's Genesis Fib

We have been in orbit around that fib for some time now

With several "Pings" (exact ricochet) confirming the fib.
After such Pings, the WHOLE world NOW is aware of 32,741 and 35 cents.

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Zoom way IN (15 sec) and thus my constant state of AWE

The Impulse was from 32937.32 to 33,000 exactly, and resulting "Ripples" it set off have defined the undulations.

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Thus my belief that It doesn't matter the scale, nor the asset, there is ALWAYS order defined by the Golden Ratio.

Left chart is the Genesis Fib spanning many years, right side is 15 second snap, WOW

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Another cool phenomenon visible under the microscope:

"feelers" going out to ascertain the exact position and nature of the barrier.
Like an insect with its antenna, or lightning with its little tendrils pre strike.....

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SUMMARY:
- 32,741.35 is the KEY level for this trend
- Bulls need to prevent a retest of it
- This does not yet rule out another leg down

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評論:

Another attempted bounce Squashed?

Price action since posting this Idea (yellow shaded)

Broke and retested the Genesis fib at 32741,
but then failed to hold it in last US session.
Asia has continued the selling, UK opens in 2 hours.

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Also since posting, we have a new confirmed Fib of the bounce

2.618 and 4.236 are ALWAYS important ones.
2.618 = 1.618^2
4.236 = 1.618^3

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Adding the above fib to the original map of this chart, we have

(arrows left for reference).
Of note the new 4.236 in exact confluence with previous of the Purple series.
So now 33,089 has become VERY relevant, and is to be kept on radar.

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SUMMARY:
- we have decent bounce with higher lows and higher highs on 15 min
- we have new evidence that the bounce had "Golden Growth"
- we have NOT ruled out a lower low to 28k or 26k but looking less likely.

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