ETH coming up on a Genesis Level: reject, orbit, or rocket?
Diupdate
Ether is coming up on a semi-major ratio of its Genesis Fib.
Price action around this fib will be key to what happens next.
It may "orbit" this fib a few times and then "flung" either way.
Recent pa on the 8h (upper right) chart shows each fib's relevance.
So we expect a reaction at 4737.93 without ever having been here.
That is how the "Golden Ratio" lights the way into uncharted space.
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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: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
.
Price action around this fib will be key to what happens next.
It may "orbit" this fib a few times and then "flung" either way.
Recent pa on the 8h (upper right) chart shows each fib's relevance.
So we expect a reaction at 4737.93 without ever having been here.
That is how the "Golden Ratio" lights the way into uncharted space.
.
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: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
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Catatan
PERFECT RetestThe gravity of this fib can not be denied
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About as perfect of a PING as one could ask for
Everybody in the world is NOW aware of that level, obviously.
And that reaction makes it unlikely to be revisited soon.
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Catatan
Still in OrbitPerfect rotation around the Fib
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Zoom IN (8 min) and add a fib of the last wave down
4.236-4.618 is a common wave ending zone.
So no surprise we are back at the Genesis fib again.
Still no definitive signal as to next direction.
But given the rhythmic wave downward,
it seems easier to go down than up right now.
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