Bitcoin (BTC) formed bullish Gartley | A good long opportunity
Hi dear patrons, hope you are well and welcome to the new trade setup of Bitcoin BTC.
On 29 Oct I shared a move when BTC formed a falling wedge on daily, which is still in play:
Now on a 4-hour chart, BTC has formed bullish Gartley pattern and also re-testing the previous resistance of wedge as support.
Buy between: $60775 to $60174
Sell between: $61617 to $62508 (or for better profit you can also follow the sell targets of the above falling wedge)
Stop loss:
Below $60174 can be used as a stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 3.8% and a loss possibility is 1%.
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
On 29 Oct I shared a move when BTC formed a falling wedge on daily, which is still in play:
Now on a 4-hour chart, BTC has formed bullish Gartley pattern and also re-testing the previous resistance of wedge as support.
Buy between: $60775 to $60174
Sell between: $61617 to $62508 (or for better profit you can also follow the sell targets of the above falling wedge)
Stop loss:
Below $60174 can be used as a stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 3.8% and a loss possibility is 1%.
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
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