Last cycle we retraced to the GOLDEN .618 fib and had a pullback of "30-40%". We're currently testing the .5 looking to break out of an hourly flag right below with a price with a target of 13k the .618 GOLDEN fib level like the last bitcoin cycle. Following we had a pullback to the .382 or a 30% pullback that held weekly candle bodys, i believe we might do the same sending the price of bitcoin testing the low 9000s at the .382 fib before continuing to ATHs.
Comment:
Fibs were pulled on the daily candle body closes, (why the wick on the low last cycle)