Bitcoin and Fibonacci Levels Aligned Perfectly This Cycle

W.D. Gann, Charles Dow, and others discovered that price typically retraces 50% to 62%.

Of course trading isn't always that easy, but sometimes charts line up beautifully. Since 2020 Bitcoin retraced to 50%, recovered to 38% at the time of writing.

This implies a healthy correction. Curious to see if it holds 38%.

Bitcoin 2W Chart Aligned to Fibonacci Retracement Levels