As you can see in the charts above BTC has tested Lower fib Levels on all corrections/consolidations in the past. For the growth BTC is expected to have in the future, Lower levels near $4000 seem necessary.
You can even take a look at the current 1 day Graph and an uptrend from here does not seem to look right.
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.
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.