Bitcoin (BTC) formed bullish Shark | A good long opportunity

Bitcoin (BTC) formed bullish Shark | A good long opportunity

By moon333 | moon333 | 4 May 2021


Hi friends hope you are well, and welcome to the new update on Bitcoin ( BTC ).

Previously we had a nice trade of Bitcoin.

Previous idea before execution:

1iLxZAi5_big.png

https://www.tradingview.com/chart/BTCUSD/1iLxZAi5-Bitcoin-BTC-forming-bullish-Shar-for-next-bullish-reversal/ 

 

Previous idea after execution:

1.png?token-time=1621382400&token-hash=U_1_UXv3ptL8_LzOo9eR-Oxf47CyeZ6DsRUQ85Z5H0s%3D

 

 

Now on the small time frame 4-hour chart, the price action of Bitcoin has almost completed another leg of the harmonic Shark pattern.

iEC2qXr7

https://www.tradingview.com/chart/BTCUSDT/L9dwZJt0-Bitcoin-BTC-formed-bullish-Shark-A-good-long-opportunity/ 

 

Buying and sell targets for Shark move:
Buy between: $53029 to $51534

Sell between: $54378 to $57387

Stop loss:
The maximum extent of the potential reversal zone to $51534 can be used as stop loss.

Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 11%, and a loss possibility up to 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.

 

For more harmonic trading ideas you can join:

https://www.patreon.com/moon333

 

Link for Binance exchange, the best place to buy or sell Crypto:

https://www.binance.com/?ref=11256882


moon333
moon333

Hi, My name is Atif Akbar and I am trading charts author of all kind of assets


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

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