This is a bit of a wild thought but potentially if BTC were to be in accumulation, these fibs may show where price COULD bounce. Once again there are 0 guarantees and bitcoin can dump Straight down so please just watch and wait for an SOS & BU/LPS before try8ing to long the exact bottom. It is very risky, and you may get stopped out and or could get liquidated with multiple secondary tests to the downside and potential upthrusts above the trading range. Once again we do not know if this is accumulation yet, we must watch to see what happens.
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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.