BTC heads up at 89.6k: Covid Stimulus Fib is a minor barrier

Nov 11

Shown here is a single fib series in different timeframes.
This wave started with the FED printing fiat for Covid bottom.
This fib series often comes into play when Government moves.

The other major levels are the "Genesis Sequence" fibs, posted here:

85.3k Golden Genesis "should" have been a top.
89.6k Covid fib may now act as the backstep here.
Rejection that drops through 85.3k would say "TOP"

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Nov 12

Trade active

BOOM

PERFECT pullback FROM a fib TO a fib!

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Clear PING's on both turns

"Ping" from "Give me a ping Vasilly, One Ping Only".

And my rule about pings:
"Not every Ping starts a Reversal,
but Most reversals Start with a Ping"

So what now?

If our current topper breaks, we can look for next fib.
$ 89,592.30 is the level to break.
$ 95,176.28 is the next target to seek.

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SUMMARY:
- Perfect reflections on the fibs.
- Adds to our confidence in the fibs.
- We can look for next target around 95k

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Nov 17

Note

TIght Orbit on the m15

Many tests from underside, and now one from top side..


Zoom in (m1)

That is a bull PING, an exact ricochet you can HEAR.

And my rule about Pings:
"Not every Ping starts a Reversal,
but Most reversals Start with a Ping"

Currently Saturday so not much volume but looks good.

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