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BTC closed candle on 4hour above recent .618 fib level @41,500
Bitcoin
BTC closed candle on 4hour above recent .618 fib level @41,500
By bmoney2020
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Feb 6, 2022
7
Feb 6, 2022
Potential for price to respect the most recent 4 hour candle closure as a "buy break" at my .618 fib level- 41,500.
Price has now potential to go up to the next fib level @ 43,500 before a major pullback.
There has not been a full candle closure above this level on the daily so price stays in a slightly uncertain position.
I want a full candle closure below 41,300 as confirmation before I will short to 39,100
Beyond Technical Analysis
Trend Analysis
bmoney2020
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