Amazing correlation in the one hour chart with Fibbinachi

BYBIT:BTCUSD   Bitcoin / U.S. Dollar
On this chart, look at how the price action corresponds to the fibbinachi channel I use, and how it is currently resisted at the top, and supported by the 100 ema on the bottom. That fib is really amazing tho, even as the channel changes, so does the price action, even diagonals down with it at each point the channel changes, it diagonals down with it. I usually use fibs for higher level time periods, but this has been amazing for predicting price constraints for scalping.


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