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Does It Make Sense, Now When Looking At The Full Fib Retracement

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XBTUSD I took the 161.80% level -$11,505 from the first Fib retracement which was from the beginning of the 20k bull run in Jun 2017 to the Top in Dec 2017

To find the bottom of BTCUSD In reverse I started the fib retracement at $11,505 funny enough the 61.80% aligned perfect on both directions, and the 161.80% Ends at $2252

Have I found the bottom? Makes Perfect Sense though?
Note
That makes sense to me, and all lines up more then perfect, but I'm having a hard time wrapping my head round it
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Beyond Technical AnalysisBitcoin (Cryptocurrency)bitmexbitmexbearsbitmexsignalsBTCUSDcryptocurrenciesCryptocurrencyFibonacciFractalXBTUSDXTB

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Beyond Technical AnalysisBitcoin (Cryptocurrency)bitmexbitmexbearsbitmexsignalsBTCUSDcryptocurrenciesCryptocurrencyFibonacciFractalXBTUSDXTB
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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.