My favourite tweet of the last 6 months.
Cheds Trading
@BigCheds
Jun 25
$BTC 58k has absolutely no significance on the chart, not sure why so many are mentioning it
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~58k was the 61.8% Fibonacci Retracement (Golden Ratio), a signifciant level on the chart.
Decode
@decodejar
Jul 1
57.7k Bitcoin was a perfect tap on the 61.8% retracement, the golden ratio, and now back above 60k. Like magic.

Sep 22, 2026 · 1:12 AM UTC

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Sort replies: Relevant Recent Liked
Replying to @decodejar
It was a meme level, thats what people were talking about. There are so many fib levels man not just 61.8%. Fib levels are supposed to be paired with horizontal levels and it was a random price. A meme level
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It's the golden ratio. If there was only one fib, it would be that one. It's not random. It's been working since the Parthenon. Bit early to call it a meme.
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Replying to @decodejar
Why would you use a linear chart?
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Replying to @decodejar
Go onto the yearly timeframe no one really does it lol, the Yearly FVG CE, try it out @decodejar
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Replying to @decodejar
Not to mention 1% quantile
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Replying to @decodejar
Exactly right! Massive algo support waiting there.
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