On numerous occasions, the 61.8% to 78.6 fibo level zone provided clear positive risk: reward plays for the downside corrections as outlined on charts.
The 61.8% to 78.6 fibo level zone extended from 1st wave of correction from all time highs provides clear positive risk: reward value from a contrarian perspective that a downside correction is more probable as it aligns with macroeconomic top down fundamantal analyses suggesting a major BTC correction is necessary prior to any further upside above the key 20k technical and pyschological level.
THE BIG BTC SHORT
BTC short positions preferably near the extended 78.6 fibo level at around $18,035 with stops above all time highs and just below the next big figure at $20099 with final take profit targets just above the key $12,500 pivot provide a unique contrarian perspective with 5:1 risk reward value.