BTC heads up at 69k: not just a sexy number, but a Genesis fib

16 Eki 2024

Plot is a single fib series, shown in 3 timeframes.
69k was a previous top and for a very good reason.
IF we are to get a lower high then 69k may be it.

Chart is from Coinbase, others will vary a bit:
$ 69,096.20 is the exact level, topped last run.
$ 65,255.26 below is absolutely critical support
$ 72,937.41 is the next barrier to break above.

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18 Eki 2024

İşlem aktif

BOING

Target HIT and CURLING.

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Zoom in (m15)

We got soooooo close to 69,096.
Notice the PINGS (exact turns) on fibs below.
Thus we were expecting a reaction here for sure.

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Lets bring in some local fibs:

Genesis fib at 69k is reinforced by a TopDown fib.
"TopDown" as in the wave from the 73k top of run.
Thus VERY STRONG zone that will be hard to break.

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Lets look at some supports/targets below:

67,996 (68k) needs to slow the decent.
67,328 would ideally HOLD and bounce.
65,255 Genesis fib is a MUST-HOLD if hit.

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I still think we tap the 69k Genesis fib.
Perhaps after a shallow weekend retrace.

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20 Eki 2024

İşlem aktif

Trying again:

That high gravity fib is still pulling on us.

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Adding local fibs to above high tf fibs, we get this picture: the Resistance starts at 68,820 and is strongest between 68,864 and 68.916 (Coinbase)

Currently Sunday before markets opening.
Lets see what next week brings for inflows.

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23 Eki 2024

İşlem kapandı: hedefe ulaştı

BOOM

Dip Target hit, EXACLTY (of course).

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Zoom IN (m1)

And we heard a "PIng" (exact ricochet of fib).

Will it hold? LIkely we "orbit" this fib a few times.

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31 Eki 2024

İşlem aktif

Recent price action around the Genesis fibs (h4)

Thus our struggle with 72,937.41 (again)

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