@smart_ech Based on back testing, $BTC has retraced to the 0.7 level on the Fibonacci up to 3 times around this period (bear season) before a MAJOR push to ATH and even new ATHs. So, there is a good probability for this to happen.
@neehyeehwah Currently, swing low of Nov 2022 & swing high of Oct 2025 might retrace to the 40k region before a new ATH is created. ๐ฅ
@neehyeehwah
@neehyeehwah This could help:
Using the Fibonacci on the:
swing low of Nov 2011 & swing high of Dec 2013,
swing low of Aug 2015 & swing high of Dec 2017 and
swing low of Mar 2020 & swing high of Nov 2021,
notice that price retraced to 0.786 region before a major push to new ATH.... ๐๐ป
@neehyeehwah A simple life hack that some ignore which there after transcends into blind believe that something somewhere is after them. ๐
Identify the MISTAKES and CORRECT them! Life is substraction and addition, make peace with that!
Happy Sunday y'all ๐