Short/Long Fib targets, with updated fibs + 1 new fib.
Here are my fib levels updated from earlier that include all fib levels on my main chart. I believe it is a good time to short with MACD crossing down, with the fib levels below the current price as the next targets. But this idea is mainly to point you to where the fibs are and the different targets i believe BTC will retrace to next. As you can see every move up or down can be correlated with a different fib level. Once the drop or pop happens it then teeters sideways around a fib that I have placed. I would love any feedback positive or negative. I know this is basic and not too in depth, but i believe the fib levels are crucial and can tell an important story about where BTC goes next.
Comment:
Added the yellow fib recently after the drop to my .382 fib@ 7820 from the first candle fib set. As you can see BTC seems to love fib levels and if you set them accurately they can be used to see what levels may come next. today BTC has touched and teetered around many of my fib levels with high accuracy.
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Currently teetering around my fibs @ 7927 and 7913, we shall see if we can drop to the next fib @ 7886 or possibly lower to 7846 or even 7820.
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BTC just jumped up again touched my fib, this time it teetered and failed at the new yellow fib i placed from today @ 7957, the wick went just above but the 15 minute candle stopped directly on the .382 fib level. I've come to believe that BTC truely loves fibs, placing them is the key to seeing the next possible targets. And the next step is determining up or down. OF COURSE, LOL. Again i welcome any feedback - positive or negative.
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Now teetering with the fib @ 7913. As you can see BTC is jumping from one fib to another, hanging for a bit then finding a different fib target to play with. But nearly every movement is going to one fib or another.
Trade active:
Also, so far so good on my short call, which started around my yellow .5 fib @ 7957, when MACD 15 had just crossed down.
Comment:
Hey if you shorted when i first made this, you'd be making a lot of money right now! And i believe it could continue to drop, possibly to 7200 area, maybe only again to 7320 though.