ETH.usd eyes on $3431.83: Golden Genesis fib to determine trend

アップデート済

Shown above is the same Fibonacci series, in 3 different time-frames.

Assets have many Impulses in a lifetime, but only one "Genesis Pulse".
Genesis as in "birth", programmed with all of the DNA it will ever have.
That Impulse determines the "Sequence" of growth spurts and retraces.

Imagine it this way:
- Each owner of the asset convinces on average 1.618 others to buy.
- Like an undulating insect swarm, the mass decisions come in waves.
- As the swarm grows, the waves' amplitudes grow by 1.618 multiples.

This simple plot has called all major turns, including the 2021 top (click)

For your own copy of the Genesis fib, use this Single Page Version (click)

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ノート

Nice break and retest on the 1 min

See if bulls can take the ball and run with it from here.

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ノート

Beautiful bounce on the Golden (m1)

This as of US market open on a Monday.
So this may be a great start to new week.

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ノート

Thus my respect for the "Golden Fibs"

"Golden" as in 1.618 exponents,
the most powerful progression
that underlies the entire universe.

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ノート

Our bounce is retracing now

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Zoom IN (m5) and adding a fib on the bounce:

Local Golden fib at 3533.69 will be key support and sister golden at 3597.88 guading 36 round

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ノート

Follow up to the last pic above ^^

Local golden at 3597.88 broken and retested nicely

This is probably bulls' best chance to start next leg up.

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ノート

Follow up to last snapshot with blue arrow, that support failed:

We did get a nice bounce at the next local golden fib below

So that local fib set was still in control

But then came the bull trap and UN-SYNC (red arrows)

So our current fib is losing control

Zoom in (m1) and adding a fib from last dip (blue stripes)

Not great but decent confirmations on the 2.236 and 3.618

Using blue strip fib along with the Gold/Blue fib from above:

Points to 345x per the blue 4.236 of dip wave.

Lets see how this plays out.

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ノート

Bottom in?

Fib of last wave says dip bottom may have been $3477

ノート

Follow up to last snapshot calling for 3477 bottom:

Certainly turned out to be "local" bottom and maybe "the" bottom above 3513.

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Since the above red fib was surpassed, lets put a fib on the bounce

And we have our next two zones of interest:
$ 3648.24 - 3655.06 immediate resistance,
$ 3678.03 - 3682.75 strong resistance above.

So now we have two precise zones to watch.

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ノート

Followup to last pic above, the 3650 resistance zone was local top

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Zoom IN (m5) to look at the bounce

3 possible supports marked with green arrows, with strongest one at 353x

Let see which retrace target can catch the dip

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ノート

( (( < PING > )) )

PING = Exact and violent ricochet from fib that you can almost HEAR.
AND: "Not all Pings start a Reversal, but Most reversals Start with a Ping"

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ノート

BTC dumped and took everything with it as usual so we lost our Golden fib at 3431

Let see if bulls can recover it right away, or we risk dropping to next fib below.

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ノート

Still under our magic number 3431, but adding the "Covid Stimulus" fibs, we have:

We have a more precise map of the field.
$3389.89 - 3431.83 is now major resistance
Expect a retest of that zone for more clues.

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ノート

Here we are again, $3431 golden fib

Zoom in (h1)

All of those Pings on thsi fib have etched this level into all memories.
All humans/algos/indi's have recorded these reactions for reference.
So even the fib=blind are keenly aware of the importance of this level.

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Zoom in more (m1)

Fib was pierced before the bounce, so bulls should be concerned.

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ノート

Market crash due to Middle East conflict broke our golden fib

Zoom in (m15)

The drop did notice each fib but pierced them which is not a good sign.
But that is expectable during violent action, and it should resync now.
So we watch 3123.65 for a hopeful PING (exact reaction) to resync.

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Zoom in more (m1) and adding a fib to last push up

This little wave might be done at the 4.618,
not a common wave ender whic his the 4.236,
but it can act as a backstop for strong waves.

Looking above:

We should be able ot hit the Genesis fib at 3123.65,
which is now reinforced by the local 5.618 at 3122.40.

So lets hope we get to 3123.65 Genesis fib,
and that we get a clear confirmation there.

So we should be able to continue up and test the Genesis fib at 3123.65

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ノート

Per last comment above, we have hit $3123.65

well proven resistance per the hourly in bottom right

Zoom in (M15)

Why 3123 and 65 cents? and not 3100 round?
Because that's 69.148 times its birth impulse, duh!

that fib is actually a "minor" ratio

but that next jump is a doozy

thus the hesitancy to cross into "no mans land"
and notice the QUICK travels across it recently.

Lets see what happens at this crucial level.

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ノート

PERFECT fib-to-fib bounce today

Zoom in (m5)

Perfect Pings on both ends of move.
Ping as in "Give me a ping Vasilly, One Ping Only"

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Zoom OUT (h1)

Clearly defined range bound by those two fibs.
Break in either direction will be very likely to continue.
Break of upper bound at 3123.65 could mark bottom.

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ノート

Close look at current levels (m1)

three MAJOR Fibs in right confluence, Golden Genesis at $3431.25 the level boss

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トレード稼働中

Here we are again

Tested our Golden fib from the underside and rejected.

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Zoom in for a closer look at the price action

Rather clean (but not a Ping) rejection at the Golden.
Subsequent Pings on the blue (minor ratio) fib below.
Look for Break-n-Retest or drop to next blue (semi-major)

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