moon333

BTCUSD has formed a bullish butterfly and entered in PRZ area

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Priceaction of Bitcoin / US Dollar has formed bullish Butterfly pattern and entered in potential reversal zone to hit the sell targets 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, 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.
I have used Fibonacci sequence to set the targets:

Buy between: 7918.59 to 7830.86

Sell between: 7984.59 to 8151.83

Regards,
Atif Akbar (moon333)
Trade closed: target reached

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