Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
from March 2020 low at $3850 to April 2021 high at $64895 retracement of 61.8% is $27169 and retracement of 38.2% is $41576. we still have space to area of $27169 and area of $41576 is a strong resistance.
maybe we'll stay some time somewhere between for a while.
EDIT: page count is just 28850. looking for someone to blame on.
EDIT2: as you can see the absolute figures of changes of one bitcoin in USD are not in the region of the usual working class anymore. therefore the usual plebs can't handle that price jumps in absolute figures. sad.
yes, if you plot retracement for a move, but then, why not starting from 3.1K instead? If retracement just from the top number, then it is more like $24790 for 61.8% fib.
Albeit, maybe you are more "right" and if counting from 3.1K, I am getting 26706, however, it is all a small argument (26.7 vs 27.2).
Clearly, 61.8% Fib (whichever you count is somewhere between ~25K and 27K). i will be watching those numbers, it it ever comes to that.