Chart here shows the calculated low using the fibonacci extension tool 100% level. Start with the high on a weekly chart from 12th April. Simply click on the three points and it calculates 32919 as the low. 32903 was the actual low. The difference is only $16. The high was 37600 = +13.8%. That's what I call a reaction. A fine trade idea to use leverage on with a tight stop and then sell to the momentum traders. (using Bybit BTCUSD)
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That rise of 13.8% was in just 7 hours.