Shown here is the same fib series in three different timeframes. Left chart shows its "Genesis" (birth) and the growth rings since. Right side charts show the same fibs but in smaller timeframes.
The fib at 42,789.57 (on coinbase) is actually a "minor" ratio. But it of the most important Fibonacci sequence of BTC's life. The "Genesis Sequence" has caught all major turns since 2015.
For example it helped pinpoint the exact top of last bull run:
Besides the above "Genesis" fibs, there are many others. The second biggest wave is the "Covid Stimulus" wave:
The above large waves plus smaller produce a roadmap of key levels. The roadmap gives exact entry points, clear targets, and small stop losses.
Not
( (( PING )) ) "Ping"= Exact riochet from fib that you can almost HEAR!
Here we are again, 42,789; Only now we are testing the fib from underneath. Not a good sign for Bulls, they need to get above fib asap. Right now is good time for bears to push for the next leg down.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.