#bitcoin forming #bullish harmonic around 7200. #crypto $btcusd
#Bitcoin after TP1 and TP2 hit of the bearish butterfly, #btc has formed another harmonic pattern, bullish crab this time.
D is PRZ which is around the 78.6fib support i.e 7200,
we can expect a short term reversal around this pattern.
I am expecting this Intraday setup on bitcoin right now:
Open long: 7239
Target1: 7460
Target2: 7620
Target2: 7715
SL: 7163, Risk: 1%
R:R =5 for T2
D is PRZ which is around the 78.6fib support i.e 7200,
we can expect a short term reversal around this pattern.
I am expecting this Intraday setup on bitcoin right now:
Open long: 7239
Target1: 7460
Target2: 7620
Target2: 7715
SL: 7163, Risk: 1%
R:R =5 for T2
Comment:
#bitcoin update- Trade is live now!! currently running at a profit of 0.75%x leverage. SL trailed to break-even as #btc is consolidating a bit, after hitting the 38.2fib retracement of the CD leg of #bullish crab
Comment:
#bitcoin update- I am closing this trade at 0.9%x leverage profit, as we can see there is a break of uptrend channel, and struggle to sustain above 7300 region by #BTC
