(More) Bitcoin Trend Continuation
As crazy as it seems, recent price action suggests that the bulls aren't finished yet.
It's pretty typical for us to consolidate for a few bars after a big candle like this, so I'm scaling in my long over the next few hours.
The risk on this trade is definitely higher than the previous one. We're much further from support making a drop more likely, and meaning stop-loss has to be set further away from entry. So I will be trading a smaller position than usual to offset these risks.
As before, there's plenty of technical reasons to be bearish, but I'm choosing to trust price action over indicators.
It's pretty typical for us to consolidate for a few bars after a big candle like this, so I'm scaling in my long over the next few hours.
The risk on this trade is definitely higher than the previous one. We're much further from support making a drop more likely, and meaning stop-loss has to be set further away from entry. So I will be trading a smaller position than usual to offset these risks.
As before, there's plenty of technical reasons to be bearish, but I'm choosing to trust price action over indicators.
Nota
Stoploss moved up into profit at 4200 (beneath latest doji)Dagangan ditutup: hentian tercapai
Trade stopped out in profit.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.