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SCBTC formed bullish Butterfly | Upto 45% move expected
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On daily chart, the price action of the Sia has completed final leg of bullish BAT and entered in potential reversal zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Potential reversal or buying zone: 0.00000012 to 0.00000011 btc
Fibonacci projection or sell zone: 0.00000014 to 0.00000016 btc
Stop loss:
The maximum extent of potential reversal zone 0.00000060 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has profit possibility of 45%, and the loss possibility is only 8.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
On daily chart, the price action of the Sia has completed final leg of bullish BAT and entered in potential reversal zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Potential reversal or buying zone: 0.00000012 to 0.00000011 btc
Fibonacci projection or sell zone: 0.00000014 to 0.00000016 btc
Stop loss:
The maximum extent of potential reversal zone 0.00000060 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has profit possibility of 45%, and the loss possibility is only 8.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
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