BTCUSD has formed bullish Shark | A good long opportunity

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Priceline of Bitcoin / US Dollar cryptocurrency has formed a bullish Shark and it is entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders here.
RSI is oversold but Stochastic is in bear cross so for secure trade we can wait for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets

Buy between: 7797.57 to 7661.43

Sell between: 7926.91 to 8207.68
Trade closed: target reached

Related Ideas


How do you remove the shaded areas in the Fibonacci retracement? I've been trying to grab a cleaner look but i can't seem to figure how to remove it
+1 Reply
moon333 Rubicons201
@Rubicons201, my friend I always use my PCs calculator for fibonacci calculations and enter the values manually in XABCD pattern, its bit time taking work but after placing pattern in this way you feel really pleasure to see your work with such perfection, try this you will really enjoy
sir atif this is new buy zone ?
+1 Reply
moon333 alishah1950
@alishah1950, no dear this chart has nothing to do with my previous 4 day chart, this is the buying zone on 6hr chart, every time period has its own trades bro
+1 Reply
@moon333, sir how you no that this hours have good prize ?
Great Find!
We are long at 8030! targeting 8600 then possibly 8900!
Good Luck!
Great analysis, partly agree
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