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.
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.