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Buying BTC at my potential bullish PRZ with targets

BITSTAMP:BTCUSD   比特幣 / 美元
A potential bullish pattern completion already by which price was rejected immediately as market complete a certain pattern, which is a bullish Cypher . Is it the end of the market movement to the downside? Will we see market trend to the upside now? We have a potential AB=CD Porjection as well. On the Side 9,000 USD is good psychological number for a support (x point).

Cypher Pattern:

XApt - First market swing/leg
ABpt - 38.20% < 61.80% XA leg
BCpt - 127.20% < 141.40% point AB leg extension *price must not closed beyond 141.40 if it does, pattern is invalid.
Dpt completion - 78.60% XC leg - ENTRY

SL level: above/below the pattern's X point as we could determine it as a good support or resistance zone/level or with a good 1:1 Risk:Reward Ratio prior form the price completion (entry) to TP 1.
TP level: TP 1 on 38.20% AD leg, TP 2 on 61.80% AD leg and for TCT (trend continuation expect a formation of new highs/lows so on the recent lowest/highest price swing of the market structure (pattern).

Disclaimer: Caveat, trade at your own risk. Trades are subject to be at risk and money manage with different objective as yours. I will not be held responsible for any losses that occur in your account. You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading the Financial Market.
評論: Target 1 and 2 was taken if you have traded the setup.
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