BTCUSD Fibonacci Support Resistance zones: Bitcoin as of Jul 30
Diupdate
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.
Catatan
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.
Catatan
Strong move down, but still calibrated to the FibsCatatan
Nice example of consolidation in a thick zone, and apparent breakout after retest of the top of band Catatan
Very cool spikeCatatan
These are the type of pings that confirm the zones.Catatan
Wow, this skinny little zone really gonna turn it?Catatan
All zones still doing their thing, and VERY Precisely Catatan
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
Catatan
All fibs still proving to be precisely validCatatan
Interesting the Freeze at each of these fib lines, sure validates them Catatan
Nice coherence. Some perfect support becomes resistance examples.Closeup of recent action
Catatan
Nice Catatan
Another nice confirmation of a fib zoneCatatan
Wow Catatan
Ping Catatan
Ping! again! Catatan
Catatan
Pinged confirmation Catatan
Catatan
Not sure how many times this zone can bounce it Catatan
Hmm, that fib line at 142 appears to be an important one Catatan
All resonance points still proving relevantCatatan
There are pings that confirm levels to the pip:Catatan
All fibs still being confirmed. Catatan
All pings still confirmed CAPN Catatan
Give me a ping Vasily. . . . One ping Only please Catatan
Those pesky fibs. Working for the bears right now Catatan
BTC bulls facing a couple of battle hardened zones in 6640-6672 area Catatan
All zones still confirming.(green zone is newly added)
Catatan
Catatan
Nice Catatan
Has been resting on this line for over 20 minutes now.Not a 'round' number, not a pivot, just a fib line.
Catatan
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.
Catatan
Oh good, we are back into the established rhythm Catatan
Nice. Even big moves start and end at a pre-calculated zone Catatan
And the pings keep Pinging, all good Catatan
Slow lift off? Catatan
Catatan
Ping Catatan
Another solid Ping Catatan
Catatan
Ping Catatan
Pings continue to confirm most zones (green) but some zones are missing (red) or need adjustment. .
Catatan
Nice confirmation ping during spike up Catatan
Nice Catatan
Another perfect ping, of a clearly important level now Catatan
1min chart lol, but notice the precise observance of each line Catatan
Still bound within the zones, and rather precisely Catatan
Pings and general price action still confirm validity of these zones Catatan
Ping followed by a lower ping rejection. More down? Catatan
WOW Catatan
wow, massive moves and then back to the Nexus Band (trekkies get it) Catatan
What a PING, and what an entry that would have been Catatan
Ping Catatan
Ping .... Catatan
Ping ....Catatan
PIng .... 
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