Bitcoin Bull view using 4H timeframe
Bitcoin moving within a Channel Pattern and the most expected correction respected the channel pattern as well as the Fib retracement level of 61.8%. What is next from here ?
1. Keep buying within the price range 8100-8600 which respects the channel pattern and the fib retracement level of 61.8%
2. keep a tight stop loss level at 7800
3. Target should be around 10400 - 10700 which we can expect to touch by 20 May
4. Profit broadly can be 30%
5. If stop loss hits, you exit at 4-6% loss
6. RR = 6x, which is a decent ratio
Stay strong and enjoy this correction phase !
Bitcoin moving within a Channel Pattern and the most expected correction respected the channel pattern as well as the Fib retracement level of 61.8%. What is next from here ?
1. Keep buying within the price range 8100-8600 which respects the channel pattern and the fib retracement level of 61.8%
2. keep a tight stop loss level at 7800
3. Target should be around 10400 - 10700 which we can expect to touch by 20 May
4. Profit broadly can be 30%
5. If stop loss hits, you exit at 4-6% loss
6. RR = 6x, which is a decent ratio
Stay strong and enjoy this correction phase !
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.