So -- the Red is long term falling fib resistances and the Green is a short term rising fib support set. Super easy to read, not 100% accurate but good for channels/swings.
Looking like the hype going into crypto is going to add some real wheels to this thing. Hopefully we break some of those northern resistances because a bounce off of that top .786 would send us into the atmosphere. A falling pressure is still very much alive. Bears have big nuts right now. They're gonna drain eventually and have to eat losses if Bulls just HODL through the rejections.
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.