The funny thing about fibonacci though is that markets don't bounce off exactly from the fib levels, they tend to overshoot. Or the they get there ' approximately', especially when there are other fib levels nearby or other forms of support (MA's, , etc.). Still, it's useful to keep these levels in mind when trading (or thinking of divesting), as they tend to produce nice tradeable opportunities. Good luck!
--------------- Of course, this is not a recommendation to buy or sell. For educational purposes only. Do your own analysis and consult with you personal investment advisor at your bank before investing crypto currencies. -----