BTCUSD has reached 41,800 will price reject this fib level?
Updated
Hi everyone I am giving an update on my most recent BTC Idea (posted Feb, 8th) and I have finally completed that trade where price successfully reached my first target area at 42k, as well as my second target "wicking" out exactly at about 41k.
I favor a rejection here from my .382 fib level (41,386) for a buy to 43,800.
Although, on the other hand, if price pushes lower and has a Daily candle close below 41,800, the I can see BTC heading to my .5 fib level @ 40,600 area
I favor a rejection here from my .382 fib level (41,386) for a buy to 43,800.
Although, on the other hand, if price pushes lower and has a Daily candle close below 41,800, the I can see BTC heading to my .5 fib level @ 40,600 area
Comment
mis typed in my first paragraph at the end. meant to say that riced wicked out at 41.8k which was our 2nd targetComment
2nd target if price respects this rejection now, is at the next 44,400 and the 3rd Traget if price breaks that level will be 45,000.Trade active
Comment
1st Target ReachedNext Target is 44,500 and the our final Targets will be 45,000 and 45,500
Comment
2nd Treat Reached at 44,400.Price broke above this level on the 4hr TF and I still see price reaching my next 2 Targets at 45,000 and 45,500.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.