WoWCrypto

Possible Long Scenario - Short Term - BITCOIN - XBTUSD Bitmex

Long
WoWCrypto Updated   
BITMEX:XBTUSD.P   Bitcoin
This is a possible Bullish Cypher on the 144m chart. This is not financial advice, nothing but a hypothetical scenario that could POSSIBLY happen. This could crash and burn as well I can not read the future. Good Luck, Have fun.
Comment:
So i went ahead and shaved at the 1st take profit target, I still see the next target being hit, and I forgot to add another target around 6730. I'm pretty sure both of those next targets will be hit. If you run a tight risk management don't forget to push your stop forward into the green. I personally ladder it down so it shaves profit in stages if we do drop lower than expected. Remember this is NOT financial advice, this is 100% chart art and hypothetical scenarios. Good luck have fun. My "take profit stops" are in the lower 6400's

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.