Bullish ABCD pattern preceding bullish 61.8% retracement in price and time appearing on the daily charts of Bitcoin.
Entry: 0.618 plotted on chart
Protective Stops: 0.786 plotted on chart
Target: -0.27 plotted on chart (reverse 1.27)
If the market reaches the 0.786 level, another opportunity to buy is presented around $33k with protective stops at the lows of $31k.
Good luck to everyone trading Bitcoin!
Entry: 0.618 plotted on chart
Protective Stops: 0.786 plotted on chart
Target: -0.27 plotted on chart (reverse 1.27)
If the market reaches the 0.786 level, another opportunity to buy is presented around $33k with protective stops at the lows of $31k.
Good luck to everyone trading Bitcoin!
Trade closed: stop reached
Stopped out at 61.8%Trade active
Re-enter at 0.786Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.