ETH eyes on $2,778: a minor Genesis fib to hold and break $2,933
Shown above is the same fib series, in 3 different timeframes.
Assets have many Impulses in a lifetime, but only one “Genesis Pulse”.
Genesis as in “birth”, programmed with all of the DNA it will ever have.
That Impulse determines the “Sequence” of growth spurts and retraces.
Imagine it this way:
– Each owner of the asset convinces on average 1.618 others to buy.
– Like an undulating insect swarm, the mass decisions come in waves.
– As the swarm grows, the waves’ amplitudes grow by 1.618 multiples.
Currently we are “Orbiting” a minor level at 2,778.85.
Between Semi-Majors 2,933.12 above, 2624.57 below.
The ultimate target for this bounce will be 3,431.83.
This simple plot has caught all of the major turning points.
For example we were ready and Alert at the TOP (click)
Recently, it helped us call the $2,100 Retrace level.
Earlier, it guided us thru the Breakout from $3,431.
Click here for a single frame version of the ETH Genesis Fib
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