Bottom to top. Pink. 2x short. Red. USD. Orange BTC. Yellow BTC x2. Green BTC x2. Teal BTC x3. Blue BTC x4/5. Pink...Higher leverage??
Increasingly high leverage orders between the 1.272 and 1.618 would have been filled. Traders would have enjoyed large profits on the bounce. (25x to 50x leverage through the range)
A= .382 breakout. .236 Body. C=.618 breakout.
Quantum retracement theory. Dow Theory and Elliott wave theory.