Quick post to alert of Major resistance upcoming. 168-170 is expected to be a serious hurdle above. Break would show strength, pullback expectable.
Major Targets Above: 204-205 backstop to 200 round number. 264-267 a major node, likely pullback. 419-422 the extended target for wave.
NOTE: These levels are from Binance, versus Tether. Exact Levels vary between different exchanges. Coinbase just launched so prices there are higher.
Drag DOWN on the PRICE scale to see levels above and below. THEN drag the CHART around to see outside current window. Use "Make it Mine" under SHARING to make your own copy.
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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: Chapter 2: Chapter 3: Chapter 4: Chapter 5: Chapter 6: Chapter 7:
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Early Update
Since posting, we pulled back a bit, but bounced from first fib and back above the key double fib resistance.
Zoom IN (1 min) for a closer look: Couple of perfect "Pings" on the local fib. (thin lines are local fib, thick lines higher tf).
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Still too early to proclaim a bull victory, but looking good.
Wish $140 held support, breaking that $170 wall may take longer than I had hoped now. We'll see if volume maintains, otherwise we probably entering consolidation around these levels for awhile.