Macro fib extension pull/where will the ber market bottom be?
Bitcoin / US Dollar COINBASE:BTCUSD
The macro fib extension pull from low to high to lows of the previous cycle has provided us with some notably respected levels to trade off. currently we see price finding support at the 0.618 and we could well bottom out between the 0.65 - 0.618 zone, This is the first area of interest when it comes to macro swing trades/DCA.
Second area and to me the most appealing would be a true capitulation and a back test of that 0.382 zone which never really got back tested as support post break out.