Bitcoin Bull view using 4H timeframe
Bitcoin moving within a Channel Pattern and the most expected correction respected the channel pattern as well as the Fib retracement level of 61.8%. What is next from here ?
1. Keep buying within the price range 8100-8600 which respects the channel pattern and the fib retracement level of 61.8%
2. keep a tight stop loss level at 7800
3. Target should be around 10400 - 10700 which we can expect to touch by 20 May
4. Profit broadly can be 30%
5. If stop loss hits, you exit at 4-6% loss
6. RR = 6x, which is a decent ratio
Stay strong and enjoy this correction phase !
Bitcoin moving within a Channel Pattern and the most expected correction respected the channel pattern as well as the Fib retracement level of 61.8%. What is next from here ?
1. Keep buying within the price range 8100-8600 which respects the channel pattern and the fib retracement level of 61.8%
2. keep a tight stop loss level at 7800
3. Target should be around 10400 - 10700 which we can expect to touch by 20 May
4. Profit broadly can be 30%
5. If stop loss hits, you exit at 4-6% loss
6. RR = 6x, which is a decent ratio
Stay strong and enjoy this correction phase !
