Thanks for taking your time to explain. Much appreciated!
Christoffer81
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Hi. Just to make sure I understand it right : Do you suggest that BTC now will retract to 38-61% fib. level.
Thanks for your thoughts!
YardleyRosette
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@Christoffer81, Since 650 (Point A), to 2950 (Point B), retracement to 2000 (Point C), to extend into the high price of 4400 at level 161.8% extension was fullfilled. That was all that I stated.
Somewhere I heard/read that after the fullfillment of a Fibonacci sequence/pattern, a reversal would occur.
YardleyRosette
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@YardleyRosette, (Swing) A (to) (Swing) B, (retracement occurs) C >>> D (Extension)