We have all seen the number of Longs grow in a parabolic climb on BitFinex.
While it is difficult to Fib a near-vertical line, it does appears to have a "Pulse".
They have hit a possible Wave-Ending extension at the 4.618 and are reacting.
This is just a "Heads Up" for informational purposes.
I have no idea why they are so high or if they will pullback.
But IF we are to see a pullback, THIS might be the start.
While it is difficult to Fib a near-vertical line, it does appears to have a "Pulse".
They have hit a possible Wave-Ending extension at the 4.618 and are reacting.
This is just a "Heads Up" for informational purposes.
I have no idea why they are so high or if they will pullback.
But IF we are to see a pullback, THIS might be the start.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Wow, still going strong
Zooming OUT a bit to include the underlying fib:
So looking at the confluence of both fibs, the above Red Zone around 40k is first resistance to observe.
If and when it starts a pullback, then wave 4 target may be project-able, and then wave 5 final destination.
But there is really not much to measure or ponder until we see the pullback.
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