Priceline of Bitcoin / US Dollar has formed a bullish gartley pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone, coz in case of breakdown this area the priceline may drop more to form a bullish butterfly pattern.
Volume profile is showing less interest of traders at PRZ area, but Stochastic did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then take the long positon.
I have used Fibonacci sequence to set the targets:
Buy between: 9942.28 to 9668.18
Sell between: 10157.45 to 10675.52
Enjoy your profits and regards,
Atif Akbar (moon333)
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone, coz in case of breakdown this area the priceline may drop more to form a bullish butterfly pattern.
Volume profile is showing less interest of traders at PRZ area, but Stochastic did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then take the long positon.
I have used Fibonacci sequence to set the targets:
Buy between: 9942.28 to 9668.18
Sell between: 10157.45 to 10675.52
Enjoy your profits and regards,
Atif Akbar (moon333)
