I am posting this as an observation only. It is not intended for anyone to make a decision with.
Notice the Moving Average Fibonacci of 420 days (21 * 20) produces the near same pattern from the last flash crash on March 3, 2020. It dips below the thick Red Ratio line and bounces off the Short-Term White Fib 0 and then retraces back to the Red Line. It is near identical in the price action of course. Is this a coincidence? Time will tell. If it is and the same scenario plays out, then could we expect a retrace back to the 3500$ area? You decide.
Notice the Moving Average Fibonacci of 420 days (21 * 20) produces the near same pattern from the last flash crash on March 3, 2020. It dips below the thick Red Ratio line and bounces off the Short-Term White Fib 0 and then retraces back to the Red Line. It is near identical in the price action of course. Is this a coincidence? Time will tell. If it is and the same scenario plays out, then could we expect a retrace back to the 3500$ area? You decide.