BTC.USD and "A Tale of Two Fibbies": Bitcoin near term study

Quick plot to observe this interesting situation.

After several "crashes" downwards, price has been tightly confined.
Under the microscope, are two Waves and their Fib multiples ("Ripples").
Each wave has a "frequency" set by the original Impulse (fib 0.0 and 1.0).

Red fib pushing down, Green upward, and their interaction is plotted.
Red wave ended on a 5.618 (ish) which indicates strong momentum
Green wants the 4.236 at least, but ran out of energy at the 3.236.

Yellow zone appears to be an "equilibrium", where the beast appears content to remain.
Green zones are expected to act as support, Red zones as resistance of various strengths.
Of interest are EXACT reflections from a zone boundary, a precursor to larger movement.

This could be "A" bottom, or maybe it will prove to be "THE" bottom.
In either case, a review of this plot in hindsight could be revealing.
Will there be clues to be found as to direction? bottom? more doom?

Part my ongoing series to collect examples of my Methodology, summarized below.

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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:

That's what I mean by an "Exact Reflection" (blue arrow)

When such a precise reflection occurs, the rebound tends to have a lot of energy, as seen by the significant pullback into support below.

評論:

Nice Pings on Bulls on the bottom boundary of Equilibrium (yellow) Zone

Bulls have not given up , defending "their" line.

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評論:

So we got a lower low on this timeframe.
But look the Ping we go on the red 6.618

As mentioned above, such an Exact Reaction usually holds the move, or sometimes reverses trend.
Or at least I should say: WHEN we get a trend reversal, it WILL be at a Fib and almost definitely with a PING.

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