Butterfly on BTC
Updated
Been on vacation for a while and finally back to the chart. What you see here is a potential butterfly on BTC.
Trade should be taken between 34.5k - 35k.
Confluence for this trade:
- 3 Fibonacci Gan Fan.
- Golden pocket.
- Butterfly Harmonic with a 1.27 fib level.
- Monthly level
- Naked POC.
- Elliot wave 4 count
There are probably way more confluence why the price is likekly to fall on this price.
Stoploss above invalidation (35k).
TP levels: 30k, 27k 25k and 20k.
Trade should be taken between 34.5k - 35k.
Confluence for this trade:
- 3 Fibonacci Gan Fan.
- Golden pocket.
- Butterfly Harmonic with a 1.27 fib level.
- Monthly level
- Naked POC.
- Elliot wave 4 count
There are probably way more confluence why the price is likekly to fall on this price.
Stoploss above invalidation (35k).
TP levels: 30k, 27k 25k and 20k.
Order cancelled
Price didn't went to entry
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