What Fibonacci says about BTCUSD on weekly TF

Hi Everyone,

We all are waiting for another Bull Run or Relief Rally from Market for a while now, but will it be attained any time soon or do we need to wait for a long duration of time for that to happen. Most Indicators are simply lagging indicators and can only tell so much about the actual future price of Market. However, that's not the case with Fibonacci Levels. Market always tries to attain Fibonacci Levels to make sure we are in a healthy Trend/Market.

We tried to see if market has attained any of its Fibonacci levels so far, and if it hadn't then what might be the possible targets that its looking forward to.

Conclusion for Video: We suspect that it will form a wick upto 26400-26800 levels, and after that it shall drop to $14k levels. If it ends up doing so, we will be targeting a Triangular formation of BTCUSD's Accumulation zone, in which case, the entire market can stretch upto May 2023.

Chances of market Recovering after an another year of torture are really high in this case, and thus shall be looked forward to.


DISCLAIMER: This is not a financial Advise and no trading decisions shall be made on this advise alone. We advise you to carry out your own analysis when it comes to money. This video is only up for a healthy conversation over Market's future endeavors.