BTC Fib Support and Resistance zones: Updated May 26th

27 mag 2018

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.

27 mag 2018

Nota

Fib Resonance Bands doing their thing

28 mag 2018

Nota

Trying to break out of the zone:

29 mag 2018

Nota

Approaching the next support zone, the crucial 7k

29 mag 2018

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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.

30 mag 2018

Nota

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

31 mag 2018

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BTC still paying attention to these fib lines

31 mag 2018

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Amazing action around the Fib zones

31 mag 2018

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Another Fib zone doing its job PERFECTLY

1 giu 2018

Nota

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)