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BTC Update | Targets mapped | What next ? | Possible Scenario

Long
DERIBIT:BTCUSD.P   BTC Perpetual Futures Contract
I wish you all are doing well but it is must to always keep in mind that market can surprise us any time, any side so when seeing the profits one should not forget about the risk factor.

So let’s see what i got while analysing this idea.

If you are following me then you know it very well that I don’t generate any confusions in chart so as in this, I have kept it simple to understand and noise free, in chart 3 targets are marked based on fibo levels and Support/Resistance.

Keep in mind this is not the best entry point but have to analyse it so i did it on Current Market Price and for StopLoss I have written it all in the chart itself.

All targets are achievable if market favours us and we can expect a little correction from here too because i said that this is not best entry.

For target 1 the RR is 1:2 which is good to consider.

If you think about this idea and your view is similar, you’re good to go.

Previously I have also published an idea on ETH and target reached, price shoots up to the target directly. You can see the work here

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