Bitcoin (BTC) | formed bullish Cypher for upto 11% move
Hey friends, hope you are well, and welcome to the new update on Bitcoin (BTC).
Previously we had a nice harmonic trade of Bitcoin:
This time on the daily frame chart, the price action of BTC has formed bullish Cypher pattern.
Buy and sell targets:
Buy between: $35698 to $34678
Sell between: $36500 to $38428
Stop loss:
The maximum extent of potential reversal zone $34678 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 11%, and the loss possibility is 3.
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 nice harmonic trade of Bitcoin:
This time on the daily frame chart, the price action of BTC has formed bullish Cypher pattern.
Buy and sell targets:
Buy between: $35698 to $34678
Sell between: $36500 to $38428
Stop loss:
The maximum extent of potential reversal zone $34678 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 11%, and the loss possibility is 3.
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.