BTCUSD - Fibo retracement Analysis Strategy!

Once again we’re back again monitoring lower prices on the BTCUSD chart on a 4HR TF. As indicated by the red rectangular zone we can see the 0.618 Fib. level would probably form the zone of a new support zone retesting previous resistance levels and also indicating a zone for prices to start bouncing off!
Well as traders we are always sure to wait for a confirmation according to the requirements of our strategy before taking a trade off this numbers!
Be reactive and not predictive!
Happy Trading guys!