bmoney2020

BTCUSD has reached 41,800 will price reject this fib level?

Long
bmoney2020 Updated   
BITFINEX:BTCUSD   Bitcoin
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
Comment:
mis typed in my first paragraph at the end. meant to say that riced wicked out at 41.8k which was our 2nd target
Comment:
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 Reached

Next 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.

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