BTC formed Gartley and getting bounced from the support of wedge
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On the 12-hour time frame chart, price action of BTC has completed the final leg of Gartley pattern.
At the same time, the priceline is getting bounced from the support of wedge on the 12-hour chart.
Buying and sell targets:
Buy between: $34756 to $32664
Sell between: $36403 to $40357
Stop loss:
The maximum extent of potential reversal zone to $32664 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 23.50% and a high loss possibility of 7%.
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 the 12-hour time frame chart, price action of BTC has completed the final leg of Gartley pattern.
At the same time, the priceline is getting bounced from the support of wedge on the 12-hour chart.
Buying and sell targets:
Buy between: $34756 to $32664
Sell between: $36403 to $40357
Stop loss:
The maximum extent of potential reversal zone to $32664 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 23.50% and a high loss possibility of 7%.
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.