EuroMotif

BTC Fib Support and Resistance Zones: Updated June 6

EuroMotif Mod Updated   
COINBASE:BTCUSD   Bitcoin
These zones are calculated using Fibonacci Ratios of past price moves.

The chart is stretched Vertically - Drag the Right side axis to change magnification.
There are zones above and below the current window, Drag the Chart up/down to see other zones.
Drag bottom axis to the left to magnify the candle size to view close up.

I will update as new zones are defined by upcoming Fibs.
Comment:
New zones already showing some validity:
Comment:
Interesting example of how the price does NOT like to be between zones or ''Energy Bands'' as the physicist in me wants to say.
Comment:
Another close up of the action in last zone
Comment:
Wow, cut through a few zones there.
But notice each one was a speed bump.
And one Zone finally stopped it (for now?)
Comment:
And on the next one, sheesh.

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.