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Bitcoin bearish daily ABCD pattern
Bitcoin is displaying an ABCD harmonic pattern on the daily. This gives rise to a potential short opportunity.
https://mk0frxecom4dckn3vun7.kinstacdn.com/wp-content/uploads/2018/10/ABCD.png
The idea is to short bitcoin above 7500 with stoploss just above 7800. Targets are 7200, 6800 and 6200. This idea gives a risk-reward ratio of over 4.
https://mk0frxecom4dckn3vun7.kinstacdn.com/wp-content/uploads/2018/10/ABCD.png
The idea is to short bitcoin above 7500 with stoploss just above 7800. Targets are 7200, 6800 and 6200. This idea gives a risk-reward ratio of over 4.
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