Quick heads up that we are approaching another KEY level. Rejection at the 45,163 fib could lead to lower low as 37.5k. Break and retest should send us quickly to next fib at 48.1k.
Plotted is bitcoin's "Genesis" Fib, in different time frames. This single fib series has caught ALL major turns in its life. Recently caught the 52.8k top, and 48.1k secondary top (click).
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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".
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