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.
I use both Retracement values as well as Extension values.
Lately the Extensions are proving more accurate.
Note
Fib Resonance Bands doing their thingNote
Trying to break out of the zone:Note
Approaching the next support zone, the crucial 7kNote
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.
Note
The Fib Bands are holding price at each line exactly still.I am now recalculating zones (not much changed in this range but others)
Note
BTC still paying attention to these fib linesNote
Amazing action around the Fib zonesNote
Another Fib zone doing its job PERFECTLYNote
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)
the Golden Ratio is my Religion
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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.