BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
ABCD PATTERN SPOTTED ON WEEKLY TIME FRAME


Pattern points :

BC correction ratio 0.382 from AB
CD correction ratio 1.618 from BC

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*Entries
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first entry : 4650$ 20% from capital
second entry : 4470 20% from capital
third entry : 4210 20% from capital
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*Note:
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can it go lower .. ?? i think no .. but in case we have a strong base and i don't think we will break it down at 3800ish areas .. just in case .. but i dont expect it even to breakdown the first entry then i will find you a point to add more contracts to your invest
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Targets :
*T1 : 7800
*T2 : 8360
*T3 : 8950
*T4 : 9861
*T5 : 11690

if you are using leverage its better to use 2x to 3x leverage maximum on this trade
and if you are not using leverage like in binance exchange you can enter this trade in parts and accumulate bitcoin in parts

NOTE : this idea for long term invest and can be from 6 to 8 months


for scalping ideas and mid term signals please follow my telegram and twitter .. posted below in links
Comment: idea still active check new update
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