Formation of bullish Gartley:
This time on very long term monthly chart the price action of Bitcoin (BTC) has formed bullish harmonic Gartley pattern and entered in potential reversal zone.
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Buying And Sell Targets:
The buying and sell targets according to harmonic Gartley pattern should be:
Buy between: $7231 to $5424
Sell between: $8654 to $12070
So this trade has capacity to produce upto 122% gains.
Stop Loss:
The potential reversal zone area which is up to $5424 can be used as stop loss in case of complete candle sticks closes below this level.
This idea is for long term traders not a short term idea; I will be keep posting more trading ideas.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
