BitcoinHyper prediction accuracy

“$BTC has a chance to close this month above the previous high, with just 4 days remaining”

“The top of the range coming in at approximately 83,000 US dollars, with then also another important level being the value area high, slightly lower at 76,000 US dollar area. The first red flag, Bitcoin start closing the daily candles below the top of the range. The second red flag, Bitcoin then does get a bigger push down closing the candles below the value area high.”

“The second target we can be aware of right here is simply going to be the daily level right here, coming in at 81,000 US dollar area.”

“If Bitcoin simply right here, this continue lower. So why overall speaking, I am expecting lower targets to happen in the upcoming days, in the upcoming hours.”

“That is simply why I am right here positioned with a short trade on Bitcoin, on Ethereum, on Solana, and also on some of other altcoins.”

“it does seem like Bitcoin potentially, in the upcoming days, in the upcoming weeks, it is going to get right here, a push toward the upside. And ideally, we are looking for at least one liquidity grab below our recent lows. And as we said before, the biggest liquidations right here are going to be at approximately 75,000 US dollars.”

“now, let me go here, on the 4 hourly actually, I'm just curious about something, actually, let me go on the 12 hourly, we can compare, the size of the first impulse here, with this one, so what we are going to do, Fibonacci, from this low, to this high here, putting the third pivot right here, and going with the, one to one Fibonacci extension, yeah, this one, oh, actually, I did not even, I did not even, check this one out, bro, one to one Fibonacci extension, coming in, exactly, where we are right now, I forgot about this one, bro, one to one Fibonacci extension, exactly, where we are right now, if you go with the locks, without the lock skill, we already broke it, so, bro, looking at this right now, I really do think, quite a high probability, I mean, again, maybe the top is not in, in, maybe we can do right here, something like this, and then a rejection back down, but I do think the top is very, very close, one to one Fibonacci extension, from this entire rotation back up, it is coming in right here, 86,800, so, bro, I mean, now it actually does make, quite a lot of sense, for us to finish, the fifth elite wave, literally, at the areas, where we are right now, slightly higher potentially, of course, if we would like to get, another push up, but approximately here, and start a rejection, back toward the downside, I do think it does make, quite a lot of sense, beautiful, area of resistance, or should I say, a target, on Bitcoin, where we are trading, at the moment, one to one Fibonacci extension level, which means, because there is actually, a very important, theory, we can be paying attention to, the fifth elite wave, which is of course, the one we are right, not paying attention to, is usually, the same size, as the first one, that is why, I measured here, the first impulse, and then of course, put the third pivot, right here, to measure then, also the fifth elite wave, to get a price target, so, it really does look like, we have here, quite a nice alignment, with the one to one Fibonacci extension level, and then of course, also with the one to one, two to three six, so, currently, I would definitely say, we are trading, at some very important, areas of resistances, don't want to say, the top is in, but the thing is, if it's actually in, we are trading, at a beautiful level, which is then going to be, the one to one, and of course, also the one to three six, Fibonacci extension level, Hyper, you have been very correct, with all of these, price movements, you have my full attention, keep up the good work, love your content, thank you very much, for a very nice comment here, I just want to, say something, I mean, yeah, overall speaking, I get the moves, quite, quite, quite right, usually, in terms of the moves, are we going to get a push up, or a push down, I am very, very accurate with this, however, you still want to, protect your capital, with a stop loss, right, you don't want to, randomly right now, open a short position, and don't have a stop loss, what if, we are going to pump, to 94,000, no one knows, what is going to happen, even myself for example, I don't know exactly, what will happen, in the market, however, I do know right here, what is the most probable, and personally again, I am looking right here, for some kind of a rejection, back toward the downside, um, uh, let's see, at this pace, BT should, should and could, make a new ultimate high, before halving again, like last cycle, the ETFs are the, benefactor, um, I mean, before, uh, the halving, I am just curious, when is the halving, uh, do we have some kind of, an indicator right here, Bitcoin halving, and supply history, I am going to go right here, with this one, let me see, okay, so we had halving right here, the next one is going to happen, on May 20, uh, May 2028, so we still do have right here, some time before, um, halving is going to take place, uh, days, to fifth halving, so we have 600 days, uh, which is, yeah, I mean, almost two years, uh, still some, some room to go, toward the next halving, but yeah, uh, currently, definitely, we are trading at some, oh, if I, if I look at like this right now, I have been around, I was not here, in 2016, I was, I actually, if you look like that, I survived, two halving, halving events, because I am in crypto, since 2017, so one, and then two, this right here, is going to be the third one, uh, in 2028, so definitely, very, very interesting, for us to be paying attention, to this, okay, I think right now, it is time for us, to go here, into the Ethereum chart, I mean, with a lot of those altcoins, I will be very, very quick, because my general, uh, direction with those altcoins, is pretty much, what Bitcoin is going to do, right, but, I still want to show you, what levels have been hit right here, on Ethereum, and also, are we right on getting those bearish indications, also on Ethereum, the same as, for example, on Bitcoin, um, with Ethereum, for example, on the daily, literally, exactly the same thing, anchored VF right here, on Ethereum was hit, which on Bitcoin was not, golden Fibonacci ratio, right here, was hit on Ethereum, lower high on the RSI, lower high on MACD, bearish divergence, set up, do I know, we are going to get a rejection here, unfortunately no, do I think, there is a high probability, we are going to get one, yes, I do think so, lower high on the RSI, lower high right here, on the MACD, golden pocket, and also, the anchored VF, where we are right now, today, literally the exact same story, lower high here, lower high here, higher high on Ethereum, so, pretty much, also a bearish indication, now looking right here, on the hyper wave indicator, on the today, also potential bearish divergence here, on the daily, also potential bearish divergence, we will see tomorrow, if potentially, we are going to format here, this dark, dark histogram, on the daily, which is then going to mean, we started curving toward the downside, which is then going to be, of course, a bearish divergence right here, on the 4 hourly, we were overbought, we got right here, some bearish, slight bearish divergence, nothing crazy, and also bearish divergence, on the momentum wave, so, yeah, I would say, on Ethereum personally, I'm also looking right here, for a rejection back down, at least below those lows right here, so it's going to mean, we are looking here, for a rejection, of approximately 16.3%, to approximately 2,000, let's just say 2,300 USD area, BNB, the exact same story, this right here, was the long position, that I showed you, only a few days ago, but now, we are trading, the gold Fibonacci ratio, so, where we are right now, the top can only be in here, also look right here, at the RSI, and also MACD, pretty much, again, the exact same story, lower highs on the RSI, lower highs on MACD, exactly the same as Bitcoin, exactly the same as Ethereum, so, those altcoins right here, it does seem like that, they are for sure, following BTC, sure, we can do potentially, something like this, and then a push down, but nevertheless, overall, I'm looking right here, for a rejection, back to the downside, so, if you are looking for any trades here, in my opinion, going with a short position, it simply does make, slightly more sense, versus going here, with another long, or a buying position, literally, the exact same thing, on Ethereum, so, if you are looking for a short position here, I mean, I do think this one right here, can give you quite a nice risk to reward, but that you can go right here, with something like this, 3 to 1, or, better in my opinion, you set a stop loss, exactly above the high here, which is going to give you, 9 to 1, risk to reward ratio, if you get stopped out, out of this one, you then re-enter a position, on a confirmed liquidity grab, if we get one, so, it's going to give you, a much better risk to reward, generally speaking, but yeah, this trade right here, if you would, potentially, don't want to get stopped out, 3 to 1, something like this, or maybe even 2 to 1, I do think, this trade right here, does have quite a high probability, of playing out, if, now of course, we are going to start right here, a rejection back down, XRP this one for sure, got a push up, above the gold pocket, and also the weekly, one thing that is, in my opinion here, important on XRP, is that, we took the liquidity, exactly above the recent highs, so I do think, this right here, is quite an important thing, if you go here, with the RSI, and also MACD, on the 2 hourly, again, every single outcome right now, is forming the exact same thing, lower high here, lower high here, higher high on the RSI price, XRP price action, which is of course, a bearish, divergence, on the 4 hourly, we are being in the overbought area, daily, I mean this right here, is not a bearish divergence, because we are not forming, a higher high, but yeah, it does seem like that, local time frames, 2 hourly, 4 hourly, we are getting right here, some bearish divergences, on the XRP price, which technically, is of course, also going to be, a bearish indication, now, I'm just curious to see, what is the hyper wave, indicator doing on this one, 1 hourly bearish divergence, 2 hourly, bearish divergence, as well, 4 hourly, overbought area, so, quite simple in my opinion, XRP actually does have, quite a nice, short trading setup, where we are right now, so if you are looking, for any trades here, potentially, you could be looking for one, at approximately, where we are, now I do think, we did hit the 0.786, on this one, let me see this one, yeah, we did hit the 0.786, if you go with that, with the lock scale, literally the exact same story, so, we are also trading, at some kind of a, very important level, here on XRP, so yeah, personally, I wouldn't be looking, for any longs here, the only trades, I would be looking for here, are of course, short positions, Solana, as we said before, we are being, at the anchored view up, area of resistance, also, on the daily, potential bearish divergence, 4 hourly, overbought area, 2 hourly, literally the exact same thing, overbought area, here was hit, in terms of the RSI, and also MACD, 4 hourly, bearish divergence here, so, again, like, doesn't really matter, that much, to which altcoin, you are right now, looking to trade here, but yeah, it does seem like, a lot of them, Tron for example, right here, did not really hit, our target here, so I am going to remove, right now this one, but for sure, it got right here, quite a nice rotation back up, also bro, I just want to warn you, about hype, hype right now, it is pushing higher, sure, it is grinding slowly, but surely, toward the upside, now look right here, at the volume, let me go here, with volume, you can see that, on the 4 hourly, let me also remove this, on the 4 hourly, we are getting, a push down, on the volume, right, also if you are going, to go on the daily, very similar story, we are getting, a push down, on the volume, so this right here, is now showing to us, the 5 wave price structure, is probably, coming toward an end, not only, one 5 wave price structure, we can talk about, 1, 2, 3, 4, 5, which means, a bigger 5 wave price structure, on hype, is right on potentially ending, not saying, we cannot go to 1000 tomorrow, I am just saying, currently, looking at the volume, it does look kind of bearish, it could mean, the top on this one, is right on very very close, or, maybe even in, so one thing, that I would like to do here, is to go with, the awesome oscillator, and also with, the RSI later, but yeah, first let me go here, with awesome, awesome oscillator, right here, where you will see, on the daily, we are getting, this bearish indication, lower high, higher high, now once we get, a red candle, on this one, on the awesome oscillator, you can actually monitor this one, it is going to be, kind of a confirmation, that we are then, probably going to be, looking for the top here, and some kind of a retracement, back to the downside, on the four hourly, yeah, you can right here, see that, we are getting, lower highs right here, on the four hourly, which is then going to be, a bearish indication, on hype, so one thing, that also, I would like to check out, is the MACD, and also the RSI, on higher time frames, for example, on the daily, also, higher high here, lower high, lower high, we are forming, bearish divergence, on the weekly, bro, also right here, on the weekly, bro, I mean, we are getting right here, lower high, lower high on the MACD, let me see, for example, on the four hourly, four hourly, lower highs, yeah, with hype, again, it can continue higher, we are sure, still trading right here, in a major uptrend, on the four hourly, daily time frame, we are in an uptrend, on the weekly even, every single time frame, is in an uptrend, so, shorting here, it is kind of dangerous, however, I would say, the top, in my opinion, is coming toward an end, which means, it's very, very close, in the upcoming days, so, once Bitcoin tops out, I do think this one, is also going to top out, one could even say, we are, we might be forming, some kind of a, rising wedge, on this one, let me see, I mean, it could also be right here, yeah, some kind of a rising wedge, which means that, potentially, we still do have right here, another push up, one, two, three, never mind, no, potentially, the top is right now, already in, or maybe, if you have any, long positions open, I do think this area, is quite a nice, take profit area, because, it does seem like, that this entire rotation up, toward the upside, it is coming toward an end, and personally, I will be looking right here, for some kind of a retracement, literally, back toward the downside, maybe even below this specific load, to be honest, because I do think hype, can actually get right here, quite a big correction, toward the downside, now, let me check out here, the order flow, for Bitcoin very quickly, I'm just curious, to see what this one is doing, nothing crazy, let me refresh the website, so we do have the latest data here, nothing crazy, let me go here, on Bitcoin USD, on, this one right here, let me see, oh, look at this one bro, bro, don't tell me, look at this, open interest, major pump, which means, money coming in the market, CVD indicator, got a push up, which means, someone, someone, longed, exactly on the scandal, someone fired, a long position, on Bitcoin, literally right here, again, I might be wrong, we might be looking right here, for another major pump, toward, I don't know, $200,000, but personally, I would not go with, a long position, where we are right now, like you can see, we are getting people longing, exactly at the zone right here, which, I don't think, is the smartest idea, sure, we can go higher, but, looking for shirts, I do think, they simply offer, a better risk, to reward ratio, so, yeah, a lot of different altcoins, actually do the exact same thing, so, I have followed, some of the best TA guys, over the last couple years, and your data is on point, thank you very much man, for a very nice comment, love the passion hyper, keep it up, thank you very much, rapid trend, of wave 5, is considered strong, and buyers, remain in full control, if Bitcoin breaks, below 78 to 79,000 USD, level, and closes, a daily candle beneath it, this would serve, as the first warning, I would agree with you, on this one, pretty much, as I said before to you, in my opinion, we still don't have, any major red flags, we don't have, any bearish indications, on Bitcoin, at least not, as of right now, however, we know, bearish divergences, are being formed, so I do think, the top is in, or, very, very close, highs continue, until 15th of October, so it pretty much, means right here, almost for a month, we will be pumping, toward the upside, I don't think, it's that likely, but, yeah, we'll see, looks three months, candle, are you Polish hyper, no, I am not from Poland, I am from Slovenia, not from Slovakia, I am from Slovenia, very small country, in the middle of Europe, October opens, a new three month candle, and, this is very importante, let me see, let me see this one, let me go here, on the three month time frame, so we will be getting, oh, in the next eight days, we will be getting, a new three month candle, let me see here, on Bitcoin USD, on Bitstamp, for example, on Lockscale, we are getting, a brand new, monthly candle, I mean, is this important, or no, like I am just looking, right here, at the historical, at the historical, this bear market, for example, one, seem like, it could be, of course, a bullish indication, but again, personally, I am still right here, trading, I mean, those patterns work, until they don't work, right, so, but the thing is, once you see, for example, exhaustion coming in, the RSI indicator, is measuring momentum, once you look at the volume, I mean, volume is pretty much volume, how much money, is coming, or leaving the market, together, combined, and volume, I do think, is a very good metric, for us to be paying attention to, a lot of people, sure, it is historically, a bullish indication, but what if, because we don't really have, that many data points, that is my point here, we have only, the last time, I did the live stream, four times, out of five times, it played out, one time, it did not play out, so, the thing is, we don't really have, a lot of data points, with our 50 simple money average, yet, still a lot of people, really like to pay attention to it, one thing that I would like, to say to you, and I really do like, and trust this indicator, kind of, is that, once we go in the extreme greed area, it is a bearish indication, look right here, extreme greed, topped out, we got it pulled down, also right here, extreme greed, pulled down, extreme greed, pulled down, I think you get a point, right, so, right now, we are very close, and tomorrow, if we do go higher, we are going to be also, in the extreme greed area, so, overall, bearish indication of Bitcoin, bearish divergences, technically, bearish indication of Bitcoin, so, that is why I'm telling you, that sure, we can go higher, but the thing is, the top in my opinion, still is very, very close, um, hi, I've been to Slovenia, beautiful woman, um, Slovenia, it is Slovenia bro, Melania Trump, from Slovenia, exactly, and also, Luka Doncic, uh, very, very nice, you said, the triangle will fake out, to the upside, but it went to the moon, um, not exactly sure, about which, oh, maybe you are talking, about this triangle, that I was talking about, in one of my previous, um, in the past, this one clearly, did not play out, this, this one, I already invalidated, uh, once, uh, I think, I was not even talking, about this one, I know I mentioned it, once we were right here, once we got this consolidation, I was not even talking, about this triangle anymore, so, uh, I do prefer right here, the ABC correction, that I have been, right up paying attention to, for quite a long time, uh, I do think this one right here, is quite a nice one, uh, but of course, it's right on the pants, how big, and how fast, a rejection back down, is going to be formed, um, was that bullish absorption, on the CVD, higher low, on the price, lower low, on the CVD, not sure, let me check this one out, uh, yeah, lower low here, higher low on Bitcoin, technically, it is a bullish, uh, bullish absorption, you are correct on this one, yeah, uh, that means, we are still seeing, slightly more bearish pressure, coming in, I would say that, if the R, if the open interest indicator, is not really getting, a major push up, it is not really, the biggest bullish indication, but still, technically, it is a bullish absorption, lower high, I mean, lower low here, and a higher high on Bitcoin, um, higher low on Bitcoin, lower low on the CVD, it is technically, bullish absorption, Bitcoin USDT, on Bybit, let me check this one out, uh, this one, it is, um, nothing crazy, open interest increasing, we are seeing some shorts, coming in right here, because we are getting a push down, uh, but nothing crazy, so, yeah, on Bitcoin, like, we could get something like this, push up, like, like this, push up, we take the high, close the candle below it, this right here, would be a nice, short trading setup, if we don't do this, yeah, we are probably then looking for higher, uh, I will get stopped out, uh, stopped out out of my short trades, but, I much rather get stopped out out of my short trade, right now, once it's not the full position size, uh, versus, potentially to miss the entire move down, right, so that is why, I already opened a short, I'm completely comfortable, losing right now one trade, of course, you probably know, I'm, I mean, currently still, I am in a long, bro, look at this, I am still in a long position from here, I am still in long position from here, I have taken some profits, I have paid myself, but, I am still holding right here, this long, and of course, also this specific long position, uh, on BTC, on Ethereum, and also some of the altcoins, for example, VLD, uh, USDT, I am still holding a long position on this one, uh, beautiful rotation toward the upside, so, we longed, literally bro, we longed, right here at the bottom, uh, so, I mean, you, if you are, if you were in my free VIP Disco server, in altcoins chat, I believe, I did post about VLD, so, I, no, not I believe, I'm almost 100% sure I did post about it, so, uh, a lot of those altcoins right now getting a push toward the upside, so, yeah, we will definitely see in the upcoming days, uh, how the price is going to develop, um, my target is, what is this, 50,000 USD, 50,000 is also a beautiful target, I do think, 50 and also 40,000, if we are going to get that big of a push down, but of course, everything right now depends on, uh, what we are going to start getting right now, in the upcoming days, okay, with that being said, everyone, I would really appreciate, if you right now, smash up the like button right here, I'm quite sure we are able to hit right here, maybe even, not 10,000 likes, but like, uh, 200 likes would be, of course, very, very nice, if you want to trade with us, you can join right here, my VIP Discord server, and now, let me tell you about, um, the trading platforms right here, there is currently, there is currently, uh, bro, what is this, how can I zoom out, out of this one, okay, it looks like, we are having some, okay, it does look like, my, my browser, my browser just froze, okay, we are back, um, if you want to trade with us, join my free VIP Discord server right here, also, on BuyBit now, you sign up with my link, only after we register, you get $20 completely for free, after you deposit, at least $100, you get another $100 completely, I mean, another $20 completely for free, once you're going to open up your first trades, you will get even bigger bonuses, but, B2NX right here, no KYC, no VPN, if you are from the US, it does work, uh, the more you trade, the bigger rewards you're going to get, the better you trade, the bigger rewards you're going to get, but also right now, on Calci exchange, there is a 90% fee discount, once you reach $100,000 in volume, you trade $50, you get $25 completely for free, and also, in the next 24 hours, they are going to select a winner, which is going to get, $500, trading bonus, once you're going to trade $50, on Calci Perpetual, you're then, already going to be, uh, involved in the, uh, in the giveaway, of the $500, trading bonus right here, so, very special campaign, we do have right now, on Calci exchange, using the links down below, but, with that being said, thank you, everyone, for watching today's live stream, I really do hope, you had an amazing time, hopefully, of course, tomorrow, I'm going to do another video, and, it is going to be a helpful to you, but, nevertheless, thank you, everyone, for watching, see you tomorrow, have an amazing, rest of your day, and, peace out everyone, vitalik, vitalik, clapping, vitalik, impressed, happy, and, clapping, vitalik, is, impressed, eh, eh, eh, vitalik, clapping, clapping, clapping, clapping, eh, eh, eh, vitalik, clapping, clapping,”

“BNB, the exact same story, this right here, was the long position, that I showed you, only a few days ago, but now, we are trading, the gold Fibonacci ratio, so, where we are right now, the top can only be in here, also look right here, at the RSI, and also MACD, pretty much, again, the exact same story, lower highs on the RSI, lower highs on MACD, exactly the same as Bitcoin, exactly the same as Ethereum, so, those altcoins right here, it does seem like that, they are for sure, following BTC, sure, we can do potentially, something like this, and then a push down, but nevertheless, overall, I'm looking right here, for a rejection, back to the downside”

“on Ethereum personally, I'm also looking right here, for a rejection back down, at least below those lows right here, so it's going to mean, we are looking here, for a rejection, of approximately 16.3%, to approximately 2,000, let's just say 2,300 USD area”

“if we go higher, this right here, target, but again, I do like to trade, from level to level, if we now don't get, a rejection from here, of course then, 94,000, it is going to be, the bigger level, for us to be paying attention to, but I really do think, that this gold Fibonacci ratio, is then going to be, quite an important one, but to be honest right now, do I think, we can go to 94,000, before, Fibonacci time is hit, I don't think so, to be honest, that's why, ideally, the top right here, is very very close, maybe the daily level, sure here, it is possible, until 28th of September, but, the gold pocket here, and this 94,000, I don't really think so”

“I am right now in a short on Ethereum as well, also in a short position on Solana.”

“If Bitcoin does get a rejection back down, for sure, we need to be paying attention to the local dynamic area of support right here, at approximately, let you say, 74,000 USD area.”

“I really do think we are going to get right here another significant pump toward the upside to approximately 95,000 USD area.”

“but actually a brand new short or a sell position, not only Bitcoin, but actually literally on the entire cryptocurrency market.”

“BNB. Also. In my opinion. We're looking for higher targets here. At least another higher high.”

“for the next 10 days, we might be looking right here for another beautiful rotation back toward the upside.”

“So for hype, I do think we are going to form a new autumn high very, very soon.”

“if potentially it is going to get reclaimed in the upcoming hours, in the upcoming days, major bullish Bitcoin indication. And in this scenario, I am for sure looking right here for another higher high above 82,000 US dollar area.”

“I'm also in a new long trade here. On Ethereum.”

“we could be talking about the price target of approximately $74,600, where we do have right here the 0.382 Fibonacci retracement level.”

“if I would be right on looking for a new trade I would only look for a long position at the support level where we are right now”

“I do think, we are talking about, the monthly level right here, at approximately, 1,200 US dollars, below the recent low”

“the monthly support level, brand new one, on Ethereum, is right here, 1,500”

“we could potentially, even talk about, the bottom not being in, and Bitcoin to drop, toward 40,000 US dollars”

“That is why I am right now in a short position of Bitcoin, looking for our main price target at approximately 74,000 USD.”

“we should technically bottom at approximately 49,000 or I would actually say approximately 50,000 US dollar every year if Bitcoin right now does actually get another pushdown.”

“I'm right now still holding a short possession right here on Ethereum for approximately 2,500.”

“If Bitcoin right here does get a rejection back down, the first target we are paying attention to, as we said before, it is going to be approximately the 0.382 Fibonacci retracement level at approximately 74,000 USD area.”

“look for the golden Fibonacci ratio, which means from the high here to the low, look right here for this level at approximately 1.57 US dollars.”

“This area is a nice one. 2,200 US dollars on Ethereum.”

“ten years i would say one million is definitely possible”

“i do think in maybe five years maybe 500 000 something like this”

“Also, I do think Ethereum it is probably going to very much outperform Bitcoin in the upcoming months once the bull market it is going to be confirmed.”

“I have this one. I'm looking for. 52 dollars. On Solana. It's a beautiful price target.”

“Now, if we go lower, we are still then going to look for the main price target, which is then going to be, again, the bottom of our bigger descending channel coming in at approximately 61,000 USD right here.”

“the anchored VWEP area of support coming in right here at approximately 1,800 USD this right here remains my main price target on Ethereum”

“because in this scenario, I'm going to get much more bearish on Bitcoin right here, looking for another bigger pushdown, and in this scenario, our next target is going to be, the area of 61,000 US dollars”

“And our lower price target on Bitcoin, it is definitely going to be slightly below the recent lows right here, at approximately 61,000 USD.”

“explain why the $61,200 level is the best price target we can watch for if the VWAP indicator is broken down again.”

“we are still currently forming wave A, wave B, and of course wave C downwards in search of our liquidity level and our price target at the 0.5 Fibonacci retracement level, i.e., around the $1700 area.”