Priceaction of Dock / Bitcoin cryptocurrency has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
But we have a very strong bearish Marubozu candle stick hitting PRZ support moreover Stochastic did not give bull cross and MACD is strong bearish so for secure trade we should wait for MACD to turn weak bearish or for stochastic to give bull cross then buy otherwise the price action can move more down to form a bullish Crab.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000139 to 0.00000137
sell between: 0.00000144 to 0.00000152
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
But we have a very strong bearish Marubozu candle stick hitting PRZ support moreover Stochastic did not give bull cross and MACD is strong bearish so for secure trade we should wait for MACD to turn weak bearish or for stochastic to give bull cross then buy otherwise the price action can move more down to form a bullish Crab.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000139 to 0.00000137
sell between: 0.00000144 to 0.00000152
