Currently, the BTC /USD pair is forming a long setup on the H1 timeframe, as there has been a reaction after retesting the newly-formed bull base. The bull base was created by an engulfing candle on the H4 timeframe.
To establish the buy setup, we identified the dominant bear candle and confirmed its break with at least two subsequent candles (in this case, the 9th candle after the dominant bear candle).
We used Fibonacci extension , placing the 0 Fibonacci level at the previous lowest price retesting price and the 1.0 level at the closing price of the breaking candle. This technique utilizes the 0.5 Fibonacci level as the buy entry point, the 0 level as the stop loss (SL), and the 1.618, 2.618, and 4.236 Fibonacci levels as take profit (TP) areas 1, 2, and 3, respectively.
In this case, we are targeting TP area 3, as it aligns with the bear base area.
To establish the buy setup, we identified the dominant bear candle and confirmed its break with at least two subsequent candles (in this case, the 9th candle after the dominant bear candle).
We used Fibonacci extension , placing the 0 Fibonacci level at the previous lowest price retesting price and the 1.0 level at the closing price of the breaking candle. This technique utilizes the 0.5 Fibonacci level as the buy entry point, the 0 level as the stop loss (SL), and the 1.618, 2.618, and 4.236 Fibonacci levels as take profit (TP) areas 1, 2, and 3, respectively.
In this case, we are targeting TP area 3, as it aligns with the bear base area.
거래청산: 타겟 닿음
Amazing, it was boosted
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.