Sometimes price goes into unknown territory. You can see this with stocks, (new) crypto offertings, other assets like gold and so on.

We understand power of 3 determine the dealing ranges used in the financial world.
Normally price stays inside this dealing range for quite some time.

Take following GOLD chart for instance. We understand price was inside the 2187 dealing range since 2008. Before that, the 729 range was used.

So there will be no real "take profit" levels in this blank canvas, like old highs and gaps and such.
What we need to do here is do a power of three range expansion.
We will move from 2187 to the next PO3 number, which is 6561.

We of course use a Goldbach fib where our Goldbach levels determine the institutional levels.

Here we can see the price broke out the 2187 range and is inside a large Goldbach zone, the zone between the 71 and 59 level, or 12% (71-59.= 12 inside a 100% range).
The large ranges have a middle point, a non Goldbach number. So it will create a 6% sized zones. Each 6% zone has a middle point as well, so we end up with 4 smaller (3%) zones inside this 12% zone.
For the normal 6% zones, we have 2 smaller 3% zones.

You can see a small consolidation around the previous 2187 range, and a break away gap. It than consolidated around the first quarter level, to go to the second quarter level, and so on.

This is how you determine logical take profit points, or draws on liquidity, which is void as price is in unchartered territory.

Try it with bitcoin, and be surprised on the reaction levels

Hopi

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