I recalculated all of the zones from scratch. after the massive down move.
Some zones will match previous highs and lows, since Fibs are derived from the extremes.
Some zones will not match anything previous, but they are Fib multiples and THOSE are the important ones.
Zones that are far from current price will be either WIDE or just a LINE. Just a line indicates important Fib Ratio.
Where prices overlap on the zone lines, drag the Right (price) Axis up to magnify and reduce overlap vertically.
There are zones above and below the current price range, Drag the Chart up/down to see other zones.
Drag bottom axis to the left to magnify the candle size to view close up, or to the right to view larger time frame.
I will update as new zones are defined by upcoming Fibs.
If they can bounce it, more bulls will gain confidence.
If they lose it. it will be disheartening.
Looks like more bulls are jumping on.
Thanks to SEC news and perhaps Futures expiry, Bitcoin has pushed to the next zone. Is now consolidating in a ribbon of energy bands after being told ''not enough energy'' for the next band yet.
The low of the launch candle was just 4 cents below my calculated number (top grey line)
That green band between the 4.0 and 3.618 is from back here:
Closeup of that green band
So how did the initial impulse the move today know about the green zone having defined the ''bandwidth'' of this asset?
That red zone at 6522 that stopped the move just now comes from this 5.618 extension
That red line of rejection was also a perfect 4.618 extension of the first impulse of this push. So now that Red Zone is even stronger resistance, as yet another band of confirmation has been added.
Is from this Fib
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