Bitcoin: a trade idea

Bitcoin: a trade idea

Trade idea

BUY 3970; TP1 4055; TP2 4030; SL 3940

Bitcoin is a high volatility thing. The outlook changes fast and there’s a general downtrend. Yet, it seems that there may be a harmonic pattern forming that can give the cryptocurrency a short-term bullish impulse.

Have a look. The point D of a Gartley pattern should occur around 78.6% Fibo. It this case, the move up may stretch up to 4138. A buy trade will be recommended only if the price gets above 61.8% Fibo.

BTCUSDH4.png

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After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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