Fibonacci levels giving crazy levels
If we do a fib retracement from ATH to the local bottom of 30K we can notice that the middle top is located a 0.38 fib level.
If we then do a second fib retracement but this time using the 40K local bottom and align the 0.38 with the ATH we can see that it's targeting 110K
I'm not betting my life on this analysis but it's interesting to see what would happen if it played out.
If we then do a second fib retracement but this time using the 40K local bottom and align the 0.38 with the ATH we can see that it's targeting 110K
I'm not betting my life on this analysis but it's interesting to see what would happen if it played out.
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Join our membership to gain access to the private scripts.
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Related publications
Disclaimer
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.