BTCUSD - WEEKLY - BULLISH HARMONIC - GREAT ENTRY
Bullish Harmonic Pattern Established, possible targets mentioned in the chart.
BTC may consolidate a bit here & then try to head up. This is a HVC (High Volume Close) and there is a possibility of this point acting as the bottom (at least in the short term). I am not trying to pick a bottom, that is a futile exercise.
My trading idea is to keep the SL to a minimum and play for a high reward reversal. Always respect Risk !!
Harmonic Patterns are line on sand, they do not have a 100% hit rate, no other strategy does. Risk Management is the only holy grail.
Disclaimer - This is not a buy or sell advice. I am sharing what I see on the chat & what I am trading, based on my own knowledge & understanding. Please consult your financial advisor before taking any bets in the stock market. I will not be responsible for any profit/loss you incur on your trades based on my published ideas
BTC may consolidate a bit here & then try to head up. This is a HVC (High Volume Close) and there is a possibility of this point acting as the bottom (at least in the short term). I am not trying to pick a bottom, that is a futile exercise.
My trading idea is to keep the SL to a minimum and play for a high reward reversal. Always respect Risk !!
Harmonic Patterns are line on sand, they do not have a 100% hit rate, no other strategy does. Risk Management is the only holy grail.
Disclaimer - This is not a buy or sell advice. I am sharing what I see on the chat & what I am trading, based on my own knowledge & understanding. Please consult your financial advisor before taking any bets in the stock market. I will not be responsible for any profit/loss you incur on your trades based on my published ideas
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