Updated

BTCUSD Fibonacci Support Resistance zones: Bitcoin as of Jul 30

This is my periodic update of Support Resistance zones for this pair.
See the ''Related Ideas'' links below for previous calculations.

Several zones have changed since last post.
There are many zones generated from consolidation zones, as one would expect.
So while seems like a whole bunch of random lines, I am confident each of them will be noticed.

General Info
These zones are calculated using Fibonacci Ratios of past price moves.
Fib extensions and retracements are projected forward in time and price.
If price bounces or reverses, it will probably do so at one of these zones.

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.

Note

That zone in the 8100 area is a new one since my last post.
Fibs of the moves since focused that zone for me, and seems to be valid.

Note

Strong move down, but still calibrated to the Fibs

Note

Nice example of consolidation in a thick zone, and apparent breakout after retest of the top of band

Note

Very cool spike

Note

These are the type of pings that confirm the zones.

Note

Wow, this skinny little zone really gonna turn it?

(it at the 7300 round so not a big surprise)

Note

All zones still doing their thing, and VERY Precisely

Note

Another confirmation of Fib zone Vailidity

Looks like it pierced zone, but in reality it bounce exactly off a 2.618 extension which I failed to account for

Note

All fibs still proving to be precisely valid

Note

Interesting the Freeze at each of these fib lines, sure validates them

Note

Nice coherence. Some perfect support becomes resistance examples.

Closeup of recent action

Note

Nice

Note

Another nice confirmation of a fib zone

Note

Wow

Note

Ping

Note

Ping! again!

Note

Pinged confirmation

Sure the bounce happened during low volume time, and any real volume would have blown through that line. But that ping shows there is SOMETHING htere

Note

Not sure how many times this zone can bounce it

Note

Hmm, that fib line at 142 appears to be an important one

Note

All resonance points still proving relevant

Note

There are pings that confirm levels to the pip:

Note

All fibs still being confirmed.

ignoring those large spikes in both directions (which still mostly noticed the fibs), the vibrations appear to be attempted a re-sync to existing rhythm

Note

All pings still confirmed CAPN

Note

Give me a ping Vasily. . . . One ping Only please

Note

Those pesky fibs. Working for the bears right now

Note

BTC bulls facing a couple of battle hardened zones in 6640-6672 area

Note

All zones still confirming.
(green zone is newly added)

Note

Nice

Note

Has been resting on this line for over 20 minutes now.
Not a 'round' number, not a pivot, just a fib line.

Note

Most zones still confirming perfectly, EXCEPT these last moves (red circles).
The green zone is new since original post, waiting to see if it gets tested again.

Note

Oh good, we are back into the established rhythm

Note

Nice. Even big moves start and end at a pre-calculated zone

Note

And the pings keep Pinging, all good

Note

Slow lift off?

Note

Ping

Note

Another solid Ping

Note

Ping

Note

Pings continue to confirm most zones (green) but some zones are missing (red) or need adjustment.

working on those adjustments, will post new chart in next day or so.
.

Note

Nice confirmation ping during spike up

Note

Nice

Note

Another perfect ping, of a clearly important level now

Note

1min chart lol, but notice the precise observance of each line

Note

Still bound within the zones, and rather precisely

Note

Pings and general price action still confirm validity of these zones

Note

Ping followed by a lower ping rejection. More down?

Note

WOW

Note

wow, massive moves and then back to the Nexus Band (trekkies get it)

Note

What a PING, and what an entry that would have been

Note

Ping

Note

Ping ....

Note

Ping ....

Note

PIng ....

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Related publications

BTCUSD Fibonacci Support Resistance Zones: Bitcoin as of Jun 30

by EuroMotif

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.

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Related publications

BTCUSD Fibonacci Support Resistance Zones: Bitcoin as of Jun 30

by EuroMotif