Does It Make Sense, Now When Looking At The Full Fib RetracementBITMEX:XBTUSD I took the 161.80% level -$11,505 from the first Fib retracement which was from the beginning of the 20k bull run in Jun 2017 to the Top in Dec 2017
To find the bottom of COINBASE:BTCUSD In reverse I started the fib retracement at $11,505 funny enough the 61.80% aligned perfect on both directions, and the 161.80% Ends at $2252
Have I found the bottom? Makes Perfect Sense though?
Bitmexsignals
Wait, Before You Bull It, Honestly Answering the following 3 ???COINBASE:BTCUSD
BITMEX:XBTUSD
believe In Fibonacci's Historical
Discovery & Research Around His Mathematically
Evolution???
When applyBitcoins Lowest point of the uptrend
Last year to the highest point that bitcoin reached???
Then Honestly look at this week chart and ask yourself
are you really Bullish???
I Honestly can say I believe in Fibonacci's work 100%, ...
See my Dilemma, I am Bearish by default.... until either until Sub $3000, or If the price fails to make the below $3k, I will stay Bearish up until $14k Before I would be confident enough to believe we don't return. Which would be a shame, Not reaching this Fib would see Bitcoin pull back from its new higher high short of what it would potentially if it pulls back to the Fib at $3k
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