Meta is heading toward 500 ? If the downside continues, the 100% Fib Extension looks clean as support. That measurement lands right around 500 and marks wave equality. Now I’m watching whether the price will continue to fall. I’ll post updates as the situation develops. https://t.co/gcvm4I5sHi
Solana is sitting near 93 right now, but where do I see the nearest support 82.5–85 is the level that actually matters if this move continues lower. It’s a clean daily zone with clear confluence (61.8% fib and FE161.8%). If price starts accelerating down, this is where the reaction should happen. I’ll update when we get closer.
Bitcoin is currently sitting around the weekly Pivot (76910) I published back in September. Two very different paths from here: 1. Defends the Pivot: the way toward 92k and 100k opens up. 2. Loses it: we likely drop into R1/R2 first, and only from there the bulls can try again. The next day’s will decide which scenario is more probable. I’m watching the reaction closely. If we get a clear hold or a clear break, I’ll post the exact levels I’m watching next. What do you think happens from here ?
Bitcoin just printed a fresh intraday (m30) Pivot at 77600. This is the level I’m watching most closely right now for the next short term move. If price holds above it, I’ll be looking for intraday continuation. If it loses it cleanly, the intraday map changes. I’ll post the reaction and updated levels once we get a proper test. Watching this one closely.
Treat this update as an educational post: The classic Gartley pattern has its point D at the 78.6% Fib retracement, and that is where the reaction should normally occur. However, there is one important thing that sometimes happens when point D of this harmonic pattern is forming. Namely: the first reaction appears at the 78.6% Fib (and it is usually small). Then the price continues to the 88.6% Fib, and that is where the proper market reaction takes place (the actual formation of point D). This is exactly what happened in this case. Remember: the Gartley pattern will sometimes try to trick you by placing point D at the 88.6% Fib instead of the classic 78.6%. Tip: A safer target from harmonic patterns is the 38.2% and 61.8% Fib retracement.