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BTTUSD forming AB=CD to 6500 ? BitTorrent support Zones to watch

BitTorrent got off to an explosive start on Binance.
The wave up had a very well defined Fib Series (blue).
The 9.618 is a very common end to explosive waves.
The first retrace (A) followed the same Fib perfectly.
But the bounce (B) was not so locked into blue Fib.
Last leg (C) might be developing a new Fib (red).
Thus I have plotted some of the confluence zones.
I will be watching each zone for possible bounce.
I am expecting an AB=CD completion around 6500.
The wave up had a very well defined Fib Series (blue).
The 9.618 is a very common end to explosive waves.
The first retrace (A) followed the same Fib perfectly.
But the bounce (B) was not so locked into blue Fib.
Last leg (C) might be developing a new Fib (red).
Thus I have plotted some of the confluence zones.
I will be watching each zone for possible bounce.
I am expecting an AB=CD completion around 6500.
Not
Approaching first possible support Zoomed in we see the 4.618 was pierced, and now maybe resistance
This first support zone , 83xx, may be good for a scalp but I would not expect uptrend to start here. But let us observe the upcoming reaction, and try to collect more info about the velocity of this move.
,
Not
Fib of current leg Zoomed out a bit more to show the relevance of my Green zone
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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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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.