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.
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 FibsNote
Nice example of consolidation in a thick zone, and apparent breakout after retest of the top of band Note
Very cool spikeNote
These are the type of pings that confirm the zones.Note
Wow, this skinny little zone really gonna turn it?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 validNote
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 zoneNote
Wow Note
Ping Note
Ping! again! Note
Note
Pinged confirmation Note
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 relevantNote
There are pings that confirm levels to the pip:Note
All fibs still being confirmed. 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
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
Note
Ping Note
Another solid Ping Note
Note
Ping Note
Pings continue to confirm most zones (green) but some zones are missing (red) or need adjustment. .
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 .... 
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.