1) BTC dumped huge from all time highs
2) Then went into a trading range where it tested the lows, but refused to dump further. Notice the contracted channel.
3) Range expansion to the upside puts us back on an uptrend!
BTC looks weaker than ETH here as I point out in the related ideas where I'm already long ETH, but it's still good to have exposure to BTC as the public knows about it more than ETH or other altcoins.
Entry: immediate
Stop: $1,400 below entry
Target: stick with it until the trend changes (my preferred), or use a trailing stop
The testing results are from 1/1/2020 to current: if you use the 1% risk rule, you would've made (40 trades * 45% win rate * 2.8 profit factor * 1%) = 50%. 2% risk = 100% gain, etc.
Trade well, manage your risk.
2) Then went into a trading range where it tested the lows, but refused to dump further. Notice the contracted channel.
3) Range expansion to the upside puts us back on an uptrend!
BTC looks weaker than ETH here as I point out in the related ideas where I'm already long ETH, but it's still good to have exposure to BTC as the public knows about it more than ETH or other altcoins.
Entry: immediate
Stop: $1,400 below entry
Target: stick with it until the trend changes (my preferred), or use a trailing stop
The testing results are from 1/1/2020 to current: if you use the 1% risk rule, you would've made (40 trades * 45% win rate * 2.8 profit factor * 1%) = 50%. 2% risk = 100% gain, etc.
Trade well, manage your risk.
Nota
BTC started to make solid headway, and then turned down. The trend still remains intact, so we stay in the trade.Dagangan ditutup: hentian tercapai
Trading is surviving to fight another day. Trade cut.
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Penafian
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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.