Bitcoin lost 50% since all-time high at $1,250. If we are going to believe the worst is over for Bitcoin following China's news and trust the bullish candlestick pattern on the 76.4%/61.8% Fibonacci retracement, here's a long-term trade with a 2.5:1 Risk/Reward ratio.
If this kind of prediction proves correct more often than 30% of the times, we make money in the long run.
Remember, profitable trading comes down to this simple equation:
(R/R) * (win%) > 1
Are you long or short Bitcoin?
If this kind of prediction proves correct more often than 30% of the times, we make money in the long run.
Remember, profitable trading comes down to this simple equation:
(R/R) * (win%) > 1
Are you long or short Bitcoin?