EuroMotif

BTC Fibonacci Support Resistance Zones: Bitcoin as of Jun 14

EuroMotif Mod מעודכן   
COINBASE:BTCUSD   ביטקוין
These zones are calculated using Fibonacci Ratios of past price moves.
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.
הערה:
Bull trying to hold this crucial zone.
If they can bounce it, more bulls will gain confidence.
If they lose it. it will be disheartening.
הערה:
Ok, decent bounce.
Looks like more bulls are jumping on.
הערה:
Next zone please!
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.
הערה:
Fibs dont lie. All of the grey lines top live chart were calculated from Fib ratios of past price moves, some all the way back to btc $200 price (none on this snap, but part of calculation)
הערה:
Nice launch from the well tested fib line.
The low of the launch candle was just 4 cents below my calculated number (top grey line)
הערה:
Wow. This blue fib study is from today, 3 min chart (lol)

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?
הערה:
The Resonance Bands at work:
הערה:
All of these Zones were derived days to weeks ago.

That red zone at 6522 that stopped the move just now comes from this 5.618 extension
הערה:
And under a microscope, is there any doubt there are specific energy bands that define the totality of trader reactions?
הערה:
Another interesting Fib-Fit:
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.
הערה:
This .382 extension we are approaching:

Is from this Fib

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