Bitcoin A Simple Perspective
Fib level range from start of Bitcoins existence to todays present price
Take Note:
- Each retracement (Dump) 2021-2022 ATH we have pierced through to the next fib retracement.
- Percentage drops below the fib levels average around 3.00%
- The last retracement (June 2021) we never hit the fib level.
- ATH to cycle low has statistically been an average of 85% drop, applying this stat surpassed the 0.236 fib level. But also aligns with...
- Fib Based-Extension tool range results with the start of the 3.00% avg drop from All Time Bitcoin.
- Bear flag retracement measures inside the zone of drop as well.
Fib level range from start of Bitcoins existence to todays present price
Take Note:
- Each retracement (Dump) 2021-2022 ATH we have pierced through to the next fib retracement.
- Percentage drops below the fib levels average around 3.00%
- The last retracement (June 2021) we never hit the fib level.
- ATH to cycle low has statistically been an average of 85% drop, applying this stat surpassed the 0.236 fib level. But also aligns with...
- Fib Based-Extension tool range results with the start of the 3.00% avg drop from All Time Bitcoin.
- Bear flag retracement measures inside the zone of drop as well.
Trade closed: target reached:
Although this chart has been posted after the fact. I would like to mention that it has been in fact constructed months in advance. At this point the target of 3% decrease to hit the 0.236 fib level was achieved. I am now merely seeing how far we go in the other levels and if that total 80-85% avg will happen.
