Trade idea
BTC 1H ABCD pattern.
Pattern takes us to 28138.76. Can go down to 25977.75
Expect support at the 1.272 because it is next to the 2.618 of a larger butterfly pattern and just below strong support at 30k.
Can set stop loss below 1.618 for high risk as technically the ABCD pattern can take us down to here. Can set just below the 2.618 for low risk.
If all levels break then expect next support near 22k.
Targets would be B, C, and A points.
This is just an idea and not financial advice.
BTC 1H ABCD pattern.
Pattern takes us to 28138.76. Can go down to 25977.75
Expect support at the 1.272 because it is next to the 2.618 of a larger butterfly pattern and just below strong support at 30k.
Can set stop loss below 1.618 for high risk as technically the ABCD pattern can take us down to here. Can set just below the 2.618 for low risk.
If all levels break then expect next support near 22k.
Targets would be B, C, and A points.
This is just an idea and not financial advice.
