Yes, friends, I wanted to share a situation I saw monthly.
You can see 6 intertwined fib corrections from the candle bottoms.
It is seen that we took a return from 0.236 levels in the previous two collapses.
Currently, 0.236 levels are seen in the range of 14000-17,000.
Even though the long blasting needle is coming down, (Personally, if it happens, I think this needle will be below 10000 to 8500,6500 levels.) These may be our collection and bottom areas for the long term.
It is not investment advice.

Soruce : https://tr.tradingview.com/chart/BTCUSD/aOr8qsg3/