This post will unravel the concept of #Fibonacci levels and what it has to do with crypto as well as the last leg up and current decline.

Warning: Do not follow the #Golden_Ratio or other Fib levels blindly! Look at Weekly EMA's, RSI, Volume, recent strong buy and sell areas.. Enjoy ancient Fib math!

The Fibonacci golden ratio, clocking in at a cool 1.618, is a mind-blowing mathematical concept that keeps popping up everywhere—nature, art, you name it.

It's like the universe's secret recipe for making things look good. The sequence goes something like this: each number is the sum of the two before it (1, 1, 2, 3, 5, 8...and so on).

It's like a cosmic cheat sheet for beauty. Now, let’s talk crypto.

Imagine traders as treasure hunters, using #Fibonacci levels to spot where the price might bounce back or hit a wall.

They whip out their #FibonacciLevels retracement tool, drawing horizontal lines on their charts like they're mapping out a treasure hunt.

The big numbers to watch?

23.6%, 38.2%, 50%, 61.8%, and 100%.

It's like they're playing a game of 'Price is Right,' trying to guess where Bitcoin will land.

As #Bitcoin ($BTC ) rockets from $38,000 to $73,700. Now, as it starts its downward journey, traders and stupid bot algorithms draw those magic Fibonacci lines from the $38,000 low to the $73,700 high.

The 61.8% level, a favorite hangout spot for prices also known as the Golden Ratio, is around $53,400 (For better guidance check out nearby volume profiles and recent support/resistance levels).

As BTC dips, they're thinking, "Hmm, it'll probably chill around $63,000," which is somewhere between the 50% and 61.8% levels.

And just like that, with a bit of Fibonacci magic, they’re making more informed decisions in crypto trading.

Remember, market makers will not let you have it easy, manipulation above or below Fib levels is part of the game!

I guarantee you will not catch market bottoms or tops over 90% of the time.. Avg in is the strategy to follow.

Short term bearish, long term bullish, always avg in if you can.

$BTC tips

I wish there was a neutral sentiment when posting, instead of only bullish or bearish.

To survive this slaughterhouse, you need to avoid #leverage at all times like the plague!

Crypto is like stocks on steroids, it's already volatile and kinda "leveraged" compared to stocks.

If you're not liquidated by #Greed and #manipulation you always have a chance to:

- Come back and recover your losses.

- Learn and apply new "learning" to refine your tactics and strategy.

Leverage will take away those two key benefits essential for your survival and leave you with a broken spirit and sidelined.

Another word of advice:

Don't follow those who predict the market with 100% Confidence. No matter how good/bad they are!

What we know for sure is that they are mistaken and that their #predictions are at least 30% wrong!

And that's for the top analysts who don't have enough time to post each time the market shifts :)

Instead follow those who provide:
Facts + Insights - Arrogant Predictions

$BTC tips

I wish there was a neutral sentiment when posting, instead of only bullish or bearish.

To survive this slaughterhouse, you need to avoid #leverage at all times like the plague!

Crypto is like stocks on steroids, it's already volatile and kinda "leveraged" compared to stocks.

If you're not liquidated by #Greed and #manipulation you always have a chance to:

- Come back and recover your losses.

- Learn and apply new "learning" to refine your tactics and strategy.

Leverage will take away those two key benefits essential for your survival and leave you with a broken spirit and sidelined.

Another word of advice:

Don't follow those who predict the market with 100% Confidence. No matter how good/bad they are!

What we know for sure is that they are mistaken and that their #predictions are at least 30% wrong!

And that's for the top analysts who don't have enough time to post each time the market shifts :)

Instead follow those who provide:
Facts + Insights - Arrogant Predictions