BITCOIN - FIBB CHANNELS - WELL RESPECTED - DOLLAR ACCURACYLets make it simple !
All the asset movement are perfectly pre-planned by market makers. Our role as retail traders is to find out next move as soon as possible.
Thats why basic trader draw many lines and patterns on a small timeframe, but bigger more important overview of market is lost.
Importancy of ascending lines (for bulls control) and descending lines(for bears control) is much higher important than basic horizontals.
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Perfection, precision and objectivity are 3 factors why was drawn this fibonacci channels in upside and downside direction.
Please have a very close look to the places with dollar accuracy respect. And also lets focus on places where are small gaps and price didnt achieve channels line. Thats not inaccuracy, but for the purpose.
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Enjoy looking at this chart and remember the simple rule : resistance lines are changing to support lines and vice versa.
I like this game of probability
Good luck !
