Hi friends, hope you are well and welcome to the new trade setup of Bitcoin ( BTC ).
In reference to the below idea:
On a weekly time frame, this time BTC has again entered the potential reversal zone of the same bullish Shark pattern and there is also very strong support at $41330, The Stochastic has entered the oversold zone, therefore the price may start a reversal move from above this level. However, as per the Fibonacci sequence, the buying and sell targets can be as below:
Buy between: $42701 to $36005
Sell between: $48609 to $61939
Stop loss:
The maximum extent of the buying zone $36005 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 72%, and the loss possibility is 16%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
In reference to the below idea:
On a weekly time frame, this time BTC has again entered the potential reversal zone of the same bullish Shark pattern and there is also very strong support at $41330, The Stochastic has entered the oversold zone, therefore the price may start a reversal move from above this level. However, as per the Fibonacci sequence, the buying and sell targets can be as below:
Buy between: $42701 to $36005
Sell between: $48609 to $61939
Stop loss:
The maximum extent of the buying zone $36005 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 72%, and the loss possibility is 16%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Atif Akbar
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Atif Akbar
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.