Bitcoin (BTC) formed bullish Shark A good long opportunity
Hi friends hope you are well, and welcome to the new update on Bitcoin (BTC).
Previously we had a nice trade of Bitcoin:
Now on the small time frame 4-hour chart, the price action of Bitcoin has almost completed another leg of the harmonic Shark pattern.
Buying and sell targets for Shark move:
Buy between: $53029 to $51534
Sell between: $54378 to $57387
Stop loss:
The maximum extent of the potential reversal zone to $51534 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 11%, and a loss possibility up to 3%.
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.
Previously we had a nice trade of Bitcoin:
Now on the small time frame 4-hour chart, the price action of Bitcoin has almost completed another leg of the harmonic Shark pattern.
Buying and sell targets for Shark move:
Buy between: $53029 to $51534
Sell between: $54378 to $57387
Stop loss:
The maximum extent of the potential reversal zone to $51534 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 11%, and a loss possibility up to 3%.
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.