Interesting Top Pattern NEARUSD As price crosses over 1.618 to 2.618 bulls take charge and push price way up to 2.618 top, price descends, ignores 3.618, but repeats on the transition from 3.618 to 4.618 with a bullish formation, leading to a rise, hitting the top at 4.618
Interesting Fib Circle pattern
Fibonacci Circles
BTCUSD has reached 41,800 will price reject this fib level?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
Short is activeShort from .618 at 4500 is in play and headed to 42k. then price will re evaluate and I want a full confirmation on either side of the next .382 fib level around 42k.
if price rejects this level, price has potential to go back up to 45k, and since there was a 4hr closure above this level yesterday, price may continue to the upside towards 46k.
if price closes below 42k, I see price going back to 40k.
Price has rejected 45000 thus farPrice has rejected the old .618 fib level at 45000, on the Daily time Frame as well as the lower .236 fib level at about 44000,
With these rejections looking strong on the daily, as well as the stochastic on the daily looking ready to sell, I favor a short here again- sticking with my original analysis posted when we first reached this .618 level at 45000 area.
Although, we have had a full 4 hr candle closure above the .618 level at 4500, due to the massive daily wick I favor a short to 42000 here- and there price has potential to reject and continue to break up higher to 46k,
if price breaks has a closed 4 hour or daily candle below 42k- I can picture price coming to the next level at 40k.
Is price breaking above the ,238/ .618 levels? Price is testing the buy break of the .618 level from the previous fib which around 44383, if we get a full candle closure above this level we can expect to see price go to the next .5 fib at 46k.
one price breaks above this level I see strong potential for price to fill in the entire s=center of the fib circle to the next current level which is the .236 level on the upper half of the fib circle at 46,500.
if price "fakes out" and wicks back down we can expect to see price to go back to at least 42k.
we have reach my .618 fib level- potential resistance here.I favor a short here Now that price has come up to my old .618 fib level at 4400 area, price has potential to reject this fib level and come back down to around 40k again at the .5 fib level.
Though, If price continues up and has a 4hr or daily candle closure that ends above 44500, then price will continue up to the next fib level at around 4600.
I favor a pullback here now that we have reached 41.5kWe have hit the 2 fib targets I mentioned in my last post- now that we are here, I favor a pullback happening to at least 39100, if not even going as far as 38800, where we could then look for a potential rejection again, to go back up towards 40k again.
Although, if and when a 4hr candle closes above my .618 fib level @ 41,569, I see price going to the next fib level at around 43,530.
BTC headed to 41,200 area before pull backHi everyone, I am just updating the chart I posted last week, all of my previous predictions for targets have been hitting since we came up past 40k. now that we have done so, I believe price may have a pullback around 41,200, and then continue up towards 43k.
BTCUSDMy current position on BTCUSD,
Price has come down to 33,000, and rejected the innermost 1.618 Fib circles from the most recent downtrend (if it is fact ending now.
will wait to for further confirmation- If price breaks above 35,453 I will buy to the next 2 fib circle levels at 37,800-39,700.
I believe price may play around in this area and may reject the innermost part of the 1.618 circle a few more times before "the fly" back up to 40k ish
My daily sell break level is also listed at 35,165/ or below the 100% fib circle level.