Bitcoin 24K - Fibonacci Golden Pocket
The Golden Pocket the area in between the 0.65 and 0.618 Fibonacci retracement.
Notice how the 0.618 is related to the Golden Ratio.
The price very often declines to Golden Pocket level and bounces heavily off this area, which is why the Golden Pocket is a very popular entry-level if you assume bullishness.
The Golden Pocket level is the area where the price most likely reverses and the 0.382 fib level is the second strongest support level.
Notice how the 0.618 is related to the Golden Ratio.
The price very often declines to Golden Pocket level and bounces heavily off this area, which is why the Golden Pocket is a very popular entry-level if you assume bullishness.
The Golden Pocket level is the area where the price most likely reverses and the 0.382 fib level is the second strongest support level.
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