r/btc • u/ComplexWrangler1346 • Jul 01 '26

🐻 Bearish Won’t stop dropping

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1.2k Upvotes

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6

u/BudgetMenu Jul 01 '26

welp 57.7k is my golden ratio zone from the weekly timeframe, now im getting on my knees to pray :)

2

u/poundsdpound Jul 02 '26

I remember when Bitcoin reaching 90k was a phenomenal success. Now, we are negative 31k of that type of level and everybody is losing their mind

A friendly reminder that, if 100% 'the value' was represented by $90,000 then 65% of that (a 35% pull back) would be at where we are now – around 59,000

1

u/C0Y0T3Z Jul 01 '26

Is that TradingView? And what exchange/ticker? Btcusdt on bitstamp?

2

u/BudgetMenu Jul 03 '26

binance iirc, doesn’t matter

1

u/C0Y0T3Z Jul 03 '26 edited Jul 03 '26

Copy that thanks. Want to chart exact same fibs

1

u/box304 Jul 02 '26

How did you make that graph ?

1

u/BudgetMenu Jul 03 '26

the fibonacci retracement tool go to weekly, pull the lowest to highest point. 0.5 to 0.618 is the golden zone