BTCUSD - Bearish butterfly complete untuk COINBASE:BTCUSD oleh I_see_BTC

Completed bearish butterfly pattern.

I'm shorting to targets 1805 and 1610

Dagangan aktif

Komen:

In answer to a repeated question tonight:

The standard stop-loss level for an Ideal Butterfly harmonic pattern is the 1.414 extension of the XA leg. In this case, 2004.51. This would be very close to my stop in a Forex or securities market.

However, due to the inherent volatility of cryptocurrency markets and their widely varying prices across exchanges I use a wider stop when trading bitcoin (or any other crypto). Personally, I create a basket of various BTCUSD markets to get a feel for the current price-range and go from there. More art than science, I'm afraid. :-)

Dagangan ditutup: hentian tercapai:

Onward and upward

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.