An idea for XRPBTC Using Fib circles to view areas of support and resistance It is in my view that if there is an equal number of support / resistance touches on the same fib ring, a cancellation occurs Upon 1.618 there are 2 resistance touches, while 1 support touch Using this we can assume the rest of the .618 touches or (uneven) support / resistance touches (XYZ) will act as the basis for the next move
I wish I could delve into this deeper, if anyone is more informed about Fib let me know!! I find these patterns very interesting and explorable.
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