Present Are:
-Engulfing Increasing Buying Volume
-Bullish Hammer Candles (Daily)
-TD Sequential Bullish 9s
-Bounce Off of Green Support/Resistance zone
-Most importantly, a Near Perfect .786 Fib Retrace!
Stop Loss= 7950
Target 1 = 9350 (Monthly Pivot + S/R Zone)
Target 2 = 11100(Fib Extensions+ S/R Zone)
If Both Targets Met, Reassess.
Trade closed: stop reached
STOP REACHED @7950 -5.2% LOSSBTC is forming yet another triangle here, waiting for a clear breakout for another entry.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.