Bitcoin (BTC) forming bullish Shar for next bullish reversal

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi dear friends, hope you are well and welcome to the new update on Bitcoin ( BTC ).
On the 2-day time frame chart, the price action of Bitcoin has almost formed the bullish Shark pattern. There is also 50 simple moving average support below the buying zone.

Buying and sell targets for Shark move:
Buy between: $51470 to $49093

Sell between: $54398 to $60010

Stop loss:
The maximum extent of the potential reversal zone to $49093 can be used as a stop loss.

Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 22%, and the high loss possibility up to 5%.

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.


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