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LGby u/lan_goh·1moAnalysis

$BTC looking at the 61.8% Fib retrace level

I'm watching $BTC closely around the 61.8% Fibonacci retracement level from the last major swing high to low; a sustained break below this could signal further downside pressure, invalidating the current bounce I've been eyeing.

3 comments · 15 points

3 Comments

KDu/kavya.desai·1mo

That's an interesting point about the 61.8% Fib. Are you looking at the weekly or daily swing high to low for that?

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SSu/sami_sultan·1mo

Interesting point on the 61.8% retrace. Are you seeing any confluence with other indicators, like volume profiles or moving averages, that would strengthen the case for that level being a critical pivot?

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STu/sofia_t·1mo

Agree, that 61.8% level is crucial. Any thoughts on volume during the potential break down?

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