BTC Bullish Reversal Opportunity
BTC's price recently bounced from a strong support zone. A potential Bullish reversal seems in play as the price action has broken the previous Lower High.
This is the 3rd Bounce from key Monthly Fibonacci levels since the previous massive Bull rally (along with further confluence from key Fibonacci Harmonic levels on the shorter 4HR time frame).
Bounces from these critical levels may eventually lead to the completion of a massive Bullish flag/Cup & Handle Patterns on the Monthly time frames.
If price breaks the all time high and crosses 74000, the chances of TP2 will increase.
Trade Plan
Entry @ 60900
Stop Loss @ 52000
TP1 @ 69800 OR BW 0.8 - 1 RR
TP2 @ 78700 OR Ride further with extra caution
No. of Trades: 2
Move SL to Break Even if TP1 hits.
This is the 3rd Bounce from key Monthly Fibonacci levels since the previous massive Bull rally (along with further confluence from key Fibonacci Harmonic levels on the shorter 4HR time frame).
Bounces from these critical levels may eventually lead to the completion of a massive Bullish flag/Cup & Handle Patterns on the Monthly time frames.
If price breaks the all time high and crosses 74000, the chances of TP2 will increase.
Trade Plan
Entry @ 60900
Stop Loss @ 52000
TP1 @ 69800 OR BW 0.8 - 1 RR
TP2 @ 78700 OR Ride further with extra caution
No. of Trades: 2
Move SL to Break Even if TP1 hits.
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