Pulse of an Asset via Fibonacci: Bitcoin at ATH Impulse Redux!

"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.

Part of my ongoing series to collect examples of my Methodology: (click links below)
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 <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only

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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:

Impulse Zone pierced but retaken.

Bulls pushed into new ATH but now some profit taking

Impulse Core and Zone pierced and revisited.

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Zoom IN (21 min) on the price action around the Core

So we had a couple of rejections and then got through.
On the retest of the core, bulls could not hold it.
Currently trying to get back into the Impulse Zone.

Current conclusions:
- Bulls did push past the bear strong hold (impulse core).
- Bulls then started taking profits, and some bears came back.
- Now the bears will be trying to hold the Zone lower boundary.

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評論:

Thus my respect for Impulse Core's

After a breach and retreat, bulls are still chewing on it

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Zoom IN (h1) for a closer look at price action around the Core

We can see the fierce battle for the Core.
Bears held the core for over a week.
Bulls now seem to be in control though.

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Zoom in MORE (m15) to plan for next hurdle

Precise reflections on fib levels as indicated.
Thus we can assume there will be a reaction at Impulse Top.
So for now, 64,850 will be the key level for bulls to break and hold.

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