Hey traders before going to this analysis let me tell you to check my previous works where we got success. :) To stay updated with me don’t forget to follow and leave a like for my work if you find it useful.
Ether Work
XTZ work
Ether Updated
These profits are good enough because of RR ratio we maintained. Always remember “Let your winners run, cut the losers.”
So here i come with another simple idea
Area marked in green is a zone where accumulation will occur, breaking this area can through BTC to $9000-9100 area and ultimate targets will be marked in red area above.
SL is red dashed line. Support is there around 6400 which will be important to see if we get a reversal below SL. We will talk about the further downside if see a possibility of that.
RR ratio for target 2 is 1:2.
Traders, share your views what will be the effect you think will halving make on Bitcoin.
Note: This is not a financial advice for you or any buy/sell signal. You are the owner of your money.
Don’t forget to manage your risk.
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Target 1 achieved very fast. Now waiting for second target.