Swing Trade Setup - Long
ERG/USDT
4 Hr
Entry: $9.240
Stop Loss: $7.745
Potential Loss: -16.18%
Target 1: $18.347
Potential Profit: +98.56%
Risk/Reward Ratio - 6.09:1
Target 2: $18.980
Potential Profit: +105.41%
Risk/Reward Ratio - 6.52:1
Reasons to Take the Trade:
- Bullish Bat Harmonic Pattern
- Bitcoin has invalidated the Wyckoff Redistribution pattern and the 0.786 macro fib retracement, threatening a bullish move to $100,000 if the daily candle closes above the 786. Such price action will be a catalyst for altcoin movement upwards.
- Triple Class A Hidden Bullish Divergence on both the 4 hour RSI and the MACD. Class A Hidden Bullish Divergence on the 1 Hour timescale as well.
- RR Ratio is absurd. Just absolutely absurd.
Reasons Not to Take the Trade:
- If Bitcoin's bullish movement proves to be in fact too much hype, it may never come back down to hit the 0.886 of the XD measurement, and thus never hit the PCZ target for our entry.
- You'll lose 16.18% of your position if this does end up being the short of the decade.
ERG/USDT
4 Hr
Entry: $9.240
Stop Loss: $7.745
Potential Loss: -16.18%
Target 1: $18.347
Potential Profit: +98.56%
Risk/Reward Ratio - 6.09:1
Target 2: $18.980
Potential Profit: +105.41%
Risk/Reward Ratio - 6.52:1
Reasons to Take the Trade:
- Bullish Bat Harmonic Pattern
- Bitcoin has invalidated the Wyckoff Redistribution pattern and the 0.786 macro fib retracement, threatening a bullish move to $100,000 if the daily candle closes above the 786. Such price action will be a catalyst for altcoin movement upwards.
- Triple Class A Hidden Bullish Divergence on both the 4 hour RSI and the MACD. Class A Hidden Bullish Divergence on the 1 Hour timescale as well.
- RR Ratio is absurd. Just absolutely absurd.
Reasons Not to Take the Trade:
- If Bitcoin's bullish movement proves to be in fact too much hype, it may never come back down to hit the 0.886 of the XD measurement, and thus never hit the PCZ target for our entry.
- You'll lose 16.18% of your position if this does end up being the short of the decade.
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