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Crypto · indicator signal

Fibonacci bounce down on Bitcoin

On Bitcoin the fibonacci bounce down showed up 388 times. The target came first 31% of the time, the stop 59%, and 10% went nowhere within 12 candles.

Counted on Bitcoin (BTC/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1323%62%15%
4-hour7428%59%12%
Hourly30132%59%10%

Bitcoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bitcoin38831%59%10%
All Crypto charts11,96733%57%10%
Every market17,93635%57%8%

Year by year

YearFoundTarget firstStop first
20215330%58%
20223724%70%
20237217%75%
202410032%55%
20257739%47%
20264941%55%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the fibonacci bounce down is

After a big fall, price rallied back to the 50 to 61.8% zone and turned down.

Imagine falling down a slide, climbing back up about halfway, then slipping down again. Fibonacci levels mark how far price climbed back compared with the fall. A Fibonacci bounce down is when price rallies back into the 50% to 61.8% zone and turns down.

The full fibonacci bounce down lesson, video and quiz ›

Other patterns on Bitcoin

Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · Volume profile bounce · Doji · Volume profile rejection · MACD bearish cross · MACD bullish cross · EMA 9/21 bearish cross · all of them

The fibonacci bounce down elsewhere

Ethereum · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Aave · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the fibonacci bounce down work on Bitcoin?

In 388 cases on Bitcoin, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 59%; 10% went nowhere within 12 candles.

What is the fibonacci bounce down?

After a big fall, price rallied back to the 50 to 61.8% zone and turned down.