First Practice Attempt

١٣ مارس ٢٠٢١

This is a 4h chart BTCUSD. I spotted a bearish bat in which the ratios are within range. I used the fib retracement tool but I don't understand fully how to use it yet. With that being said and keeping my lack of knowledge and experience in mind, my gut tells me this is a rather weak setup and I would not execute this trade.