61,256 and 44 cents: BTC next target and a possible top

Updated

BTC attempting a sizeable jump from last fib at 52.8k.
We are now approaching a "minor" but key fib at 61.25k.
The first blue fib after a gold is quite often a local top.

It is PROBABLE that we get some retracement from there.
It is POSSIBLE to break and retest that fib for continuation.
It is PLAUSIBLE (but unlikely) that 61,256 will be "the" top.

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Note

( (( PING )) )

Now to see what's wut

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Note

like an insect whose antenna just hit something

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Note

61,256 and 44 cents indeed:

Overshot but fell back below quickly.

Zoom on Fib

Clearly the relevant level of this big wiggle.

Placing a fib of the dip so far:

Points to 57,393.31 as first guess at retrace target.

Above red fib set viewed with the Genesis fib at 61,256:

Gives us a very precise resistance zone above,
and we already have a guess for target below.

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Note

Here we are again (on 1 min) , dancing on 61,256

Thus an example of a "high gravity" fib.

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Note

Here we are again (1min)

may serve as launch pad here, if bulls have any strength left.

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Note

do we have Escape Velocity?

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Note

Why fibs get STRONGER with time:

Every Human, Algo, and Indicator has now recorded these reactions.
The world is honing in on 61,256.44 slowly, even if blind to the fib itself.
The fib ALREADY set the EXACT level that the ENTIRE world would arrive at.

Thus my respect for the Golden Ratio.

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Note

Here we are yet again (1 min)

Zoom OUT (8 min)

Clearly the "Center of Gravity" of the price wiggle/oscillation/orbit right now.

So we wait for it to break out of orbit.
Currently looks to exit Northward, but
this may be bulls' last chance to do so.

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Note

There it is bulls

that PING , now PUSH

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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