This is a quick Long call which based on bullish flag idea(Represented with dotted lines), looking closely on the chart its observed the price already breakout from the flag and the re-test has been done with price waiting for enough push to make next major move. This call has two types of stop loss in place.
The entry zone should be taken serious been a base zone of the mini continuation of little flag pattern formed after break of the major flag pattern.
First stop loss is aggressive stop loss which is around 10500$ and conservative stop loss around 10230$.
The targets were shown with green lines from 11300$ to 16550$.
Kindly follow the suggested Buy zone on the chart and always remember to apply stop loss according to your risk mitigation.
Level to watch for are: POSSIBLE ENTRY ZONE Possible Support LEVEL SELL TARGETS
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Note: It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Trade active
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Hello guys,
Am not yet convince yet with this bounce, a potential leg is missing which is a leg down and if this happen that will take us to our entry zone.
Keep an eyes on it.
What do you think about that, share your view and comments.
Trade active
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Hi guys, its been sometime we have been waiting for BTC to hit our proposed long zone. We have price testing the zone right now, we should plan our stop loss accordingly.
Great medium term set up Weslad. It is in fact aligned with my longer term bullish bias after the 1W Gaussian entered green territory for the first time in 270days.
racistpancake
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@TradingShot, why are you spamming this in every thread?
Make_Money_Guru_Bitcoin
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Great work .
Bullandbeartrading
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Great work with gorgeous risk reward.
shivchauhans7785
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Sir do you think it may go more down
weslad
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@shivchauhans7785, Yes BTC look weak so i believe we have huge potential to test out 11k to 10850$ zone before major bounce.
EM1N3M
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@weslad, and maybe lower if the trend turns the page...