Quick post to highlight key levels nearby. 48,090 Coinbase is the next Genesis Level. Loss of Golden Level at 52,838 was massive.
Maybe 50k round will bottom it? But imagine the stop losses below. Whales likely to hunt those, no?
.
I do not use "Fibs" in the "traditional" manner (retracements). I use Fibs to plot "Ripples" (extensions) created by "Impulses". Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts: Chapter 1: Chapter 2: Chapter 3: Chapter 4: Chapter 5: <= Current Example Chapter 6:
.
코멘트
⋅
A look at the importance of the "Genesis Levels" From the bounce on 37.241, to what "should" have been top at 61,256, to what actually became the top at 61,250.
We are hovering just above that Genesis level at 48,090 That little cushion between price and fib is a ray of hope. Ideally we levitate here for a while and paint a slow curve upward. OR a wick that suddenly dips, hits the fit EXACTLY, and ricochets VIOLENTLY.
If we fall right thru it, then we will look to the next fib(s) below: the fib at 45.1k is a "Stronger" one of the minor fibs (it is a .618 between the two Gold fibs).
I just found you.
Grand publication. Going to read all of your work. Then ask mundane questions you have been asked before.
Very articulate. The prose is a good touch.
EuroMotif
⋅
@raoultesla, Hello and thanks for your feedback.
I hope you find some concepts to add to your own methods.
Cheers!
ngunghocnguyen
⋅
What do you recommend during this time?
Buy, sell or keep holding?
raoultesla
⋅
@ngunghocnguyen,
If own relax.
If new BUY BUY BUY. It will never be this low again. It cannot. Ever.
EuroMotif
⋅
@ngunghocnguyen, Since you posted the Q, we have of course continued down.
My stance is to watch for that 48k level to be hit, and see what happens there.
Ideally I want to "hear a loud Ping", as in a such a precise and violent ricochet that can almost be HEARD!
If we dont get there (and we are currently very close) a slow rounded turn as if levitating off that fib would also be interesting ...
gratephuldol
⋅
@EuroMotif, it broke the 48k fib, i set limits at the 45k fib, wonder if they will fill
wheimeng
⋅
i bought a lil at 48k, will enter more at ~42k
TobesVibration
⋅
fair do's Euromotif, I dont know how you do it, you was spot on, question now, is the correction over?
EuroMotif
⋅
@TobesVibration, Thanks for feedback!
I am not yet confident the correction is over, but at least a first step towards it.
Break and hold of psych level 50k probably the key hurdle now, then 52.8k golden fib are the next two steps I would like to see....
Stockguy0415
⋅
Hey Euro, I'm a huge fan of Elliot Wave theory and believe that similar to how a bell curve always has a certain shape when all data is calculated for a population but can be skewed with not enough information; I believe that the stock market is the complete data set and Elliot Wave/ Fibs /Structure / Fractals are the way we break it down and can extrapolate data. I believe that price can be 100% predicted given the right analysis. I notice you have some unorthodox fibs you mention, 198, "orbit", "ping". Are these all mentioned in your publications, and/or can you please link me to further resources so I can learn them? Thank you!
Grand publication. Going to read all of your work. Then ask mundane questions you have been asked before.
Very articulate. The prose is a good touch.