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rajista
26 de Mai de 2018 12:47

#bitcoin forming Bearish #butterfly around 4H 20SMA resistance Viés de baixa

Bitcoin / DollarBitfinex

Descrição

Bitcoin is still moving sideways between the 61.8fib and 78.6fib regions.

However currently it is forming a bearish butterfly with D leg being a PRZ,
#BTC is facing resistance at 7536 from the 4h 20SMA,



If btc fails to break above this level, then it may indicated a short term reversal around the D leg of butterfly.

Intraday setup:
open short:7568
T1: 7385
T2: 7291
SL: 7637, Risk: 0.91%
R:R: 4


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Trade is live,
SL trailed to break-even

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Target 1 achieved!!!

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Target achieved!!! 3.7% profit x leverage.

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If we get price reversal confirmations around the D leg the harmonic pattern(pink), then i'll suggest opening a long around the PRZ

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Updated on this article now:

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