Bitcoin as always makes perfect sense when looking back in hindsight. The single most respected Fibonacci Retracement level is the 61.8% level, yet as we all know exact targets are rarely hit. When we add the 65.0% Fib Retracement level to the 61.8% Fib Retracement level we get what is famously known as the Fibonacci Golden Pocket. This is the single most respected reversal zone when using Fibonacci Retracement analysis.
This chart is a perfect educational example of the Fibonacci Golden Pocket working its magic.
I hope you found this post educational and manage to keep this Golden Pocket analytical tool in your memory bank for the future!
If you would like to see my post predicting this top and reversal in advance to within 98.5% accuracy see the below related and linked article.
This chart is a perfect educational example of the Fibonacci Golden Pocket working its magic.
I hope you found this post educational and manage to keep this Golden Pocket analytical tool in your memory bank for the future!
If you would like to see my post predicting this top and reversal in advance to within 98.5% accuracy see the below related and linked article.
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