Dear friends,
Bitcoin just formed a weekly inside bar. In 2018 there have been 5 other weekly inside bars. The break of each of these other weekly inside bars lead to at least a 1:1 Reward:Risk trade, no matter how large the range. This weeks inside bar is the smallest range one we have had yet. I suggest ignoring the chop of the lower level time frames, and trading the break of this bar, which in the past has guaranteed you at least a 1:1 RR trade.
Bitcoin just formed a weekly inside bar. In 2018 there have been 5 other weekly inside bars. The break of each of these other weekly inside bars lead to at least a 1:1 Reward:Risk trade, no matter how large the range. This weeks inside bar is the smallest range one we have had yet. I suggest ignoring the chop of the lower level time frames, and trading the break of this bar, which in the past has guaranteed you at least a 1:1 RR trade.