Hi dear patrons, hope you are well and welcome to the new update on Bitcoin.
Previously we had a good BTC buying opportunity:
Now the price action of BTC may complete the final leg of bullish BAT pattern on 12-hour time frame chart. The 50 simple moving average is also moving up to provide support to the priceline of Bitcoin.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Buy between: $54739 to $54053
Sell between: $56374 to $58829
Stop loss:
The maximum extent of potential reversal zone $54053 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 8.5% and the loss possibility is 1.5%.
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
Previously we had a good BTC buying opportunity:
Now the price action of BTC may complete the final leg of bullish BAT pattern on 12-hour time frame chart. The 50 simple moving average is also moving up to provide support to the priceline of Bitcoin.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Buy between: $54739 to $54053
Sell between: $56374 to $58829
Stop loss:
The maximum extent of potential reversal zone $54053 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 8.5% and the loss possibility is 1.5%.
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