In technical analysis, the 61.8% Fibonacci retracement level on weekly charts represents a significant support zone where price action often finds buyers and may reverse, making it a critical level for traders to watch for potential market bottoms or trend reversals.
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Listen, we're going to break out of this channel eventually, and when we do, uh, we're going we're going to maybe I'll make a thumbnail. E-money called it. But here we have, uh, if you see how much we're respecting these fibs, you can see the 38.2% 2% fib right to the tea. Ping on the pinto and then we go back down to 74.5 our channel our rejection zone and we're basically at the fitty moving average.
Now if we really want to get down and dirty and get to the goldenest of golden ratios 61.8% fib 72.1 61.8% fib was 72.1.
So, let's put that in 72.1 cuz it's signif, right? 72.1 a little higher. 61.8% fib. Let's put it on all charts just so we know how what real violence looks like. 72.1. This this is one of those numbers where I'll I'll look at it and it'll be like, why did I put 72.1 on the ding-dong? And even on the 4hour chart, 72.1. Actually, when you go on the 4hour chart, you can see how it would make sense cuz if if we hit the 6% target, what's another $1,000 a little wick, long hair, don't care wick just to hit 72.1. 72.1. There it is. Have you got no bullish uptake? The automatic be not really. We are kind of following this doodle still. We would have to in order to really cement following this doodle I would expect to drop to 75.4 four that would be following now we may extend out but it's going to be a slow one as predicted we will break out of soon and I agree and you know it's kind of chasing this arbitrary doodle there's nothing much more uh listen I don't want it to do this but the doodle has been laid out my friends the doodle has been laid out and we are about to witness it play out because 72.1 may not mean anything on the daily chart, but it couldn't be farther from the truth. 72.1 is the 61.8% Fibonacci here on the weekly. And we know, we know, if you've been watching this channel long enough, we know the weekly chart loves 61.8% fib, but now it takes a long time for it to play up. But I would say besides that which once wicked will get candlesticked. Probably one of my better price probabilities. The 61.8% retracement on the weekly is almost guaranteed. I'd say it's god damn it.
It's 80%. It's almost annoying, right?
It's like it can't always go to the 61 61.8% fib, can it?
Unfortunately, most times it does.
Wouldn't it be nice if we were to break out of this channel of ass engine which is at 70. Let's see right here.
According to my doodle, according to my doodle, it's 73.1, but it's really 72.1 that we're looking at because that is the 61.8% fib on the weekly. Have we hit the 50? The 50 would be 74K. That's kind of next. The problem with uh the 50k, the 50% Fibonacci is that um we'd be under the rejection zone at 74.5, which is really where I think we'll end up for the next four or five months. And then right now, everyone's like, don't put the arbitrary bearish doodle in there.
Done. It's done. It's done. Perfect.
On the daily chart, E- Money's prediction slowly playing out. Well, getting inching our way back down too.
Anyway, uh this this uh where's our next stop here? Well, I guess we could maybe retest 74.2. Then eventually we'll retest this channel of Eternal Ascension's support at 73.5, but big kicker is of course 72.1. The reason 72.1 is so important is because it is the 61.8% fib on the weekly. And we know price action loves to retest the 61.8% fib right here. This is for the video.
That's when it hits 72.1.
72.1 then it'll go and it'll be of course I was wrong. I have failed you once again.
I was off by $500. I said 72.1. I went 72.6.
I My apologies.
I don't know what got into me. Why I misjudged this probability, but $500?
It's It will keep me up at night. I probably won't sleep knowing that I made such an egregious error in judgment.
You can see here we are putting in another lower low as predicted.
Got to do better. Matty Laserface says, "I know. I know it hurts. It hurts when I, you know, I go for exact dollar amounts because it's just a game now, right? How close can I get to these probabilities?" And to me, $500, it's pretty good. I'll take it. I'll actually sleep. Although, I wake up around two. Can't get to bed for another while. I know. You know, you know how it goes.
Hey, money. Such sloppy astrology. I know. Where do I get off? Where do I get off? I don't know. Making that probability uh two weeks ago and it goes 500. That's why the video got 160 views, right?
That's why I'm such a big-time YouTuber cuz I can call those things, right? All those other big channels, they don't get 160 views. They're not calling those prices. Maybe they are. I don't know.
4hour chart. Listen, we haven't really, this is an arbitrary doodle of of uh descension, right? But we haven't touched it and it's not really respecting this. So, I think we're kind of going to, you know, which would be like I said in that video that what that which one's wicked will get candlesticked. You know, there's a bunch of there's a bunch of wicks, right? We candlestick this wick. Now, we got this one. I still believe we're probably, you know, hit that 72.1 on the dizz, right?
Cuz we're What did it get on the weekly?
72.5. Oh, so $400. It's only $400 off on uh on the uh on the weekly on the wiki, but I do think it will hit that, you know, and then we may sit there for a while. We're going to put a doodle in here. I'm here.
I get down to 61.8, you know, maybe retest this channel.
arbitrary ascension up at the fitting moving average. Have even like a nice little spike to 76 and then come back to it and then break it and then come down to this old bare flag which is out at 69 big 70k, right? And this would take us into August, right?
just sitting around here.
And then maybe in August, we keep on going down into the end of September. We we and this is where we have this like we're testing 60K again, but they said it would never hit 60K again. All these big channels that I watch, they they'd never say that. We'd never see 60K again.
And then we break and then by the end Oh, I'm actually off. There's It's so bearish. I don't even have room for how bearish it is.
Hold on a second.
Yeah, we'll just continue here.
So bearish I don't even have room on this 56kish.
But unfortunately, that's not max pain.
Still don't have enough room. Hold on.
Cut myself off.
That's not it.
There it is.
Now we'll see what else do I have down here in the annals of the bearish takes.
39K. Oh, it works out. Bottom of the bare market right there. There's the arrow down. So somewhere between 39K and 56ishk. Oh, be on M be. You're talking about 15K worth of margin there. What do you What What is What even is that? What the hell is even that?
Agreed. Let's see.
There it is. E- Money. Right there it is. E- Money called it. We were right back here like we'll probably get out of this channel now. We are respecting it as this arbitrary channel of Ascension is is still being respected.
Look how it followed this arbitrary doodle though.
Don't fade the doodle ever. But where does this doodle go? Way down here down to 65. That would be violent. And then all the way back. This would be our little like a relief rally back up to 70k. And then of course uh but that's just how the this market goes. The one thing that's become more apparent to me in this cycle is our departure from the correlation to the stock market. Now, when the psychopaths bomb their buddies, you know, well, not their buddies, they're buddy citizens, right? They're not bombing their buddies. Um, you're going to see market liquidity kind of dry and get get a little panicky and people do this and that and then we'll see Bitcoin kind of take a hit.
But to the downside, right? You know, you know, when when there's talk of, uh, of peace, uh, and everything kind of goes back up, not really Bitcoin, but because we're in the bare market. It's, it's almost like for your own sanity, for your own sanity, just become a cycle maxi for the next little while. Like we got we got the summer bummer. It's going to be hard. It's going to be long. It's going to be boring.
I'm going to have to put out like four cat shorts a day just to not lose subscribers.
That's how cold it's going to get. Although, it gets super hot here. It's actually 32 degrees today, which is nice. I like it now.
And If you just adopt the psycho maxi attitude, doesn't you don't have to embrace it. Just adopt it.
Like that that third the third child that you didn't really want. You got talked into adopting it, right? It's like, oh, okay, you never really liked it. Had red hair, too, right?
And just adopt it. Don't you don't have to love it. You don't have to embrace it. Just adopt it for the next little while. It'll make everything seem clearer. Like all of a sudden you'll be like, "Oh yeah, well we're in the cycle.
No matter what happens, we're still going to, you know, be dragged down."
Now the question is the coke habit, right? It's starting to creep up on me at 8 in the morning.
What's going to happen is that there will be some sort of bearish narrative that comes now. It'll be an unraveling of something. Now I hear Naka is unraveling as we speak.
That could be the beginning of the contagion. A lot of people think that uh Michael Sailor might lose his [ __ ] I don't.
But it would lend to what some legacy stock astrologologists would say would be a hell of a bearish narrative and an unwind, right?
And there's there's the case where, you know, he could be blindsided by AI.
Like AI, I know he does a lot of his analysis with AI. AI can get you into trouble. It's not It's not like the word of God, so to speak. They do get things wrong and then if you call them out, they're like, "Oh, so sorry. Yeah, you're right. My bad." Like, well, so maybe he, you know, in his, you know, promax AI models, agents, everything, you know, one thing goes wrong and then they follow the thread out the wrong thread. right now they're so they're they've forgotten that that way back there that was a bad call and now they're you know making plans based on that bad call right so there is a chance where AI could f Michael Sailor Matt Grimes is this true sailor is turning into an XRP maxi soon he has just said the underlying market of crypto will go up and flow back into Bitcoin. I do think that will happen.
Now, there's a lot of talk out there that the the crypto market in per se is over, but that's very indicative of the summer bummer pre-bottom, right? A lot of things get said. This is like the part the the hour of the party where people are dark side drunk and they won't even remember what they're saying.
They're throwing wild accusations around. They're bringing up things from the past that didn't even occur, right?
They're accusing people of cheating on so and so and so and so. You know, they don't even know who the people are and they're all in it. Some people are talking about starting businesses cuz they're on Coke, right? And they're like, "I love you. We should start a business while other ones are just like barely keeping it alive." Cuz it's like 5 in the morning. Phones are blowing up from girlfriends and wives saying, "Where the [ __ ] are you? Why? Why you at home?" And you're, "Oh my god, my girlfriend's calling. I'm going to break up with her." And then all your friends, yeah, I hate her. What do you mean you hate her?
Why don't you hate her? No, I love her.
Anyway, get I'm getting way off here.
Way off.
So, it wouldn't surprise me to stamp the ticket, you know, down at 72.1. Stamp it.
Make it so.
And we're not that far. We're like, we're under. Let's just So, I mean, just to see how far. Wait a second. Did we? Oh, yeah. 72.5.
Where are we from? Right here. 72.1 is a 1.4%.
Like it again. Isn't it sad? We're talking about 1.4% moves. Like that would be something. Oh my god. Hitting 92.7 or 72.1 that would be horrific. It's 1.4% away.
Cole's content.
Decent size steaks were on sale this week in Ontario. About $10 a steak.
Stock the freezer.
Sending you a virtual steak. My Plato's wall has been full of tick videos. Enjoy the beef while I can.
Holy. That's Thank you for the super chat. Uh that will go into the ribeye fund. Thank you very much. Or the flat iron. I've been kind of goofing on flat irons these days cuz I can cook them so perfectly. Three three set sit 10 and they're just like, oh my god, look at this. Glorious. Thank you very much. Cool. Isn't that my sister? Um I think she has the what is it? Galado Alpha. Not Galado. Don't go there. Don't bring up.
Anyway, she uh all of a sudden can't eat meat.
and she gets, you know, huffy puffy and blotchy watchy.
So, who knows?
And she didn't even know about the Galado Alpha, right? Nobody does. That's an alpha gal or whatever. But but alpha galado, right? Give it a funny name.
Uh, now where can we see a relief rally?
says, "Give it. Give me some bullish [ __ ] for whatever." Like, blow some bullish smoke up our asses for Christ's sake. Okay, here's some bullish smoke up your Anderondex.
Uh, I could see us relief rally back up to the 50 and the 20 77.3 briefly get rejected and come right back down.
I didn't even try to dress that one up.
What's the humble opinion of this piano?
I just don't see it.
I just don't see it. And that's okay because I am a psycho maxi right now.
It's just easier on my constitution to believe those things.
Now, I was driving yesterday and I was I saw this unicorn on the side of the road. It was a pretty girl. You don't see pretty girls that much anymore.
They're they're a lot more rare than they used to be for some reason. I used to say Winnipeg was like the secret hot bed of beautiful women. You could, you know, go to a I don't even want to say it. I was going to say this coffee shop, but I I'm anti this coffee shop now. It was a coffee shop kind of a chain of coffee shops and there'd be a couple plus 10 models just like serving double.
you double double like Yeah.
And then all of a sudden something happened. It's almost like something more people came into the city that weren't that pretty and kind of drove them out. And so when you do see like for instance at the Jimmy where we play the piano bar, Kyle and I was always are always like you'll see if there's a pretty girl dancing, you'll see Kyle and I look at each other and smile, right?
and then forget what we're doing cuz that's how rare it is. Or just like, "Do you see what I see, Kyle?" He's like, "Yeah, I do see what you see." Like, "Is that real? Are we seeing this?" Like, "Yeah, I think we are." And then we're back back to playing. And it's only happened about three to five times. Now, if you saw, what was her name? Christy, the the singer that came up in on the on the piano and she s the pro. She's a professional singer. Uh she was one of them. She's very attractive girl. A little older, but even makes her more attractive cuz she's, you know, keeping it together, so to speak. Couple kids, too. Uh, but when I when I thought about it, I was looking at all the rubberneckers, right?
Cuz where it's like when I go to the gym, it's kind of a little bit uh trafficy.
I was just seeing everyone just like, "Why is this why is this going so slow?
This this it's a green light, right?"
But everyone's just like like, "Oh my god, what is that? It's a pretty girl."
And I remember one time I went to Vancouver to visit my buddy Carver who is in the car business. He he has like a fleet of cars for the movie industry. So like when they need a Pinto, he's got a Pinto. When they need a 67 Chevrolet convertible, he's got one. So we took that one for a ride and we're driving. It was like baby blue kind of light baby. Yeah, it was baby blue with white trim. Mint mint car convertible. And that was the closest I've ever come to feeling what it would be like to be a hot chick with a nice rack because everywhere we went, dudes just rubbernecked the car and they we we'd get a lot of this nice car. And then we'd give it back.
Thanks.
Just men, of course, wasn't wasn't women could care less about the car, but every guy. So, we'd be driving sometimes and then and you'd hear this and the the window would roll down. We'd look and be like, "What is that? 67 60 68?" I'd let Carver because he's be like, "67?"
It's like, ah, this mint, man. Mint.
Thanks, buddy. We were smoking back then, too.
Dudes everywhere just loving the car.
It's like it it was the closest I think I've felt to being a celebrity cuz it was just everyone was staring at us in the car. It's crazy. And I didn't I'm not a car guy, so I don't really care.
But, uh, it it uh changed my opinion on on cars, that's for sure. And then the power of them. Are we getting close to this? nowhere 73. Anyway, uh that's what struck me when I rubbernecked this uh beautiful girl in the morning, too. She walking down the street, which made me think that's even more weird, you know? Like, you're not going to see a beautiful girl like that taking the bus. You're just not going to see it, right? So, like, where's the boyfriend, right?
Matty B, I bet you owned a Blackberry.
No, I didn't. I owned before I got the cell phone, I owned a uh Nokia, the brick, right, that you could drop off a balcony and it was just in the toilet.
It's it still works. It was like the best phone I ever had. Um and then in between the Nokia and the iPhone 3 when it first came out, I had weird we had this this telephone company called Telus. still do, but it had its own hybrid phones at the time and they were all weird and I had one of those and it was with the like the texting that you had to like if you needed to see it was 3 I3, you know what I mean? Whatever that was.
That's what how you had to do the texting and then it was iPhone City after that. Then I got locked in the Apple ecosystem for the rest of my life.
I've been here. I can't get out.
But I've been thinking more and more that wouldn't it be nice to have a sandboxed phone. T9 texting. That's right.
Squeaks.
Cuz I'm so Matt Grimes saw two French speakaking girls in Boca Raton. Long black curly hair dropped dead gorgeous in the late 90s, right? Late 90s. You know, like that says it all. Like where I don't know where they are in Winnipeg.
I honestly don't. Maybe they I had a I had a theory that the Jets uh ran through them like a red light or a yellow light and they all just got butt hurt and left because they're not used to getting ran through, right? They're they're the bells of the balls, so to speak. But when the Jets, you know, took them pumped and dumped, they're like, "Oh my god, I got pumped and dumped by a 19-year-old nobody, right? But he's a Jet." So, Celebrity has uh one of my five never dates, mind you. They never obviously didn't listen to me. Uh and then they got embarrassed and they move away. And that's probably the best thing they could do because it the one because there are so many pretty girls in Winnipeg. It turned the currency and the value of them down, way down. I mean, you got two at the coffee shop taking your order. What do you care? A dime a dozen. Now, obviously getting back to Bitcoin, the scarcity of beauty now is very rare.
And so when you see it, you rubberneck and it's almost a traffic jam on the way to the squash club.
That's how rare it is. Now Google, hey Chadwick, if I were to text you, would it go green? Would it go green?
I always find that very weird. I always ask people, "You're on a what's it called? Android? You're on a Samsung?"
Like, "Yeah, I love it." Do you? What do you love about it? Anything? Is there anything to love about it? Google owns my life anyway, so I'm stuck in their ego. If they decided I shouldn't have an email with them anymore, I wouldn't be in so much trouble. Yeah. Well, I mean, it's a symbiotic relationship, right?
They they're collecting all your emails, right? So, they they need you. Not as much as you need them, but uh they still need you. They need to collect all your information. They know I don't know what you're thinking and and texting and emailing, right?
Uh probably wife is Apple. She apologized in advance when we're both in text group. Yeah. It can be such a like a spoke in the wheel, right? All of a sudden it's like, oh, sending pictures.
It's weird. Something happens. You know, sometimes I'll send a picture to a Samsung and it's like it's gets like recompressed and then it comes out pixelated.
Like you should be sorry for this, not me. I did my part. I sent you a picture.
It's 4K and it comes out on your Samsung. There's nothing I can do about it. Make sure you like and subscribe and share this video with someone you think might like it, too.
All right, make sure you like and subscribe and share this video with someone you think might like it, too.
Oh,
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