Butterfly on BTC
BTC/USD COINBASE:BTCUSD
Been on vacation for a while and finally back to the chart. What you see here is a potential butterfly on BTC .
Trade should be taken between 34.5k – 35k.
Confluence for this trade:
– 3 Fibonacci Gan Fan.
– Golden pocket.
– Butterfly Harmonic with a 1.27 fib level.
– Monthly level
– Naked POC.
– Elliot wave 4 count
There are probably way more confluence why the price is likekly to fall on this price.
Stoploss above invalidation (35k).
TP levels: 30k, 27k 25k and 20k.
