As the chart shows, there are some patterns between bitcoin price and ext-Fibonacci. 2013-2015: L $152.40 C $216.90 Ext-Fib1.0 $199.63, support L & C Ext-Fib1.236 $149.32, support L & C
2017-2019: L $3122.28 C $3693.30 Ext-Fib1.0 3518.83, support C Ext-Fib1.236 2650.71, support L & C
2019-2020: L 3850 C $6421.14 Ext-Fib1.0 $4860.64, support C Ext-Fib1.236 $2650.71, support L & C
2021-2022: L undone? C undone? Ext-Fib1.0 23033.99 Ext-Fib1.236 19347.14 Ext-Fib1.5 $15917.58 Ext-Fib1.618 $14588.17 Ext-Fib1.65 $14247.20 Ext-Fib2.0 $10999.80, #1key position Ext-Fib2.5 $7601.39 Ext-Fib2.618 $6966.53 Ext-Fib3.0 $5252.92, #2key position
Attention: 1--L: lowest price, C: closed price, which maps to the L. 2--Before 2021, all the Ext-Fib1.0 support the matched C price, and all the Ext-Fib1.236 support the L. 3--In 2022, things have changed and we should watch and set alerts.
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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.