It's the 0.618 Fibonacci retracement level of the the entire move from the low on the 11th of Jan. 2015 to the all time high on the 17th of December 2017 ( from $163 to $19704 in my data feed).
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It's the 0.618 Fibonacci retracement level of the the entire move from the low on the 11th of Jan. 2015 to the all time high on the 17th of December 2017 ( from $163 to $19704 in my data feed).
Thanks :)