(Here's the chart with higher quality)
Playing around with Fib Extensions /// Used 3 Key Fib Extensions /// Got that overlapping of the 1.272 level...
When I got the first two 1.272 overlapping level from Fib Extensions A and B I thought "wtf? this is peculiar...". Then I draw the last Fib Extension (c) and when that 1.272 level overlapped the two first one that was when I really stop to look at this...
I draw some white boxes at level 1 for all the Fib Extensions and we're exactly on the middle of the 2nd box of the 3rd Fib Extention.
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Q: What do you think about this? just a fun fact, or is there something more behind this Fib extension levels?? I really would like to read some opinions about this, so feel free to leave whatever you think, Thanks!
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Note
And #bitcoin price is back up to that previous pivot level (expected resistance) - It's also where VPVR line is landing and this reinforces the idea of this point being a major Pivot Point Level...
Note
Updating the daily chart for this idea and what I'm waiting to see in the near future...
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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.