Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position to gain good profits.
In a lower time-frame (4hrs) this long position has also been conformed.
Target profits are mentioned in the chart.
Adjust your Stop Loss according to your lot size,
account equity ,strategy & money management.
***If you want to get in this trade from this point 7830, you can still make profit till TP2 is reached, however there is a very high probability that price may continue to move down towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly.
Good Luck.!
- This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity.
Don't forget to like, If you like my analysis :)
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thats right btc is gonna moon but SOV is already moonin
Yes true that
This BTC correction is creating a golden opportunity for institutional investors to back up their trucks.
Yes, the buying zone I have mentioned in the chart is the place where institutional investor will jump in
Nice Analysis. Keep posting some more analysis on other major cryptos as well.
Thanks@coledonny will post more analysis for sure.