Get started
Chahin073

Butterfly on BTC

Short
Bitcoin (COINBASE:BTCUSD)  
Chahin073 Updated   
COINBASE:BTCUSD   Bitcoin
Fibonacci Butterfly Elliott Wave butterfy Fibonacci Retracement elliotwaveanalysis elliottwaveretracement Contains image
7
3
fibonacci butterflypattern elliottwaves butterfy fibonacciretracement elliotwaveanalysis elliottwaveretracement containsimage
Been on vacation for a while and finally back to the chart. What you see here is a potential butterfly on BTC.

Trade should be taken between 34.5k - 35k.
Confluence for this trade:

- 3 Fibonacci Gan Fan.
- Golden pocket.
- Butterfly Harmonic with a 1.27 fib level.
- Monthly level
- Naked POC.
- Elliot wave 4 count

There are probably way more confluence why the price is likekly to fall on this price.

Stoploss above invalidation (35k).
TP levels: 30k, 27k 25k and 20k.
Order cancelled:
Price didn't went to entry
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.