BTC Fib Support and Resistance zones: Updated May 26th

Updated

These bands are derived from my analysis of the Fibs.
I use both Retracement values as well as Extension values.
Lately the Extensions are proving more accurate.

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Fib Resonance Bands doing their thing

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Trying to break out of the zone:

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Approaching the next support zone, the crucial 7k

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Might that have been the bottom?
I am thinking not. I think that 5.618 needs a good hug, and then a kiss of the 6.618 before the real bottom reveals itself.

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The Fib Bands are holding price at each line exactly still.
I am now recalculating zones (not much changed in this range but others)

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BTC still paying attention to these fib lines

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Amazing action around the Fib zones

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Another Fib zone doing its job PERFECTLY

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Update: the latest Fibs have shown me a new zone.
(of course price is already there, but that is not how they were drawn, see green fibs to left)

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