As seen on the graph, a symmetric triangle has developed on the Bitcoin / USD currency pair, we recommend waiting for the price to break either upwards or downwards and depending on the break, the position can be taken.
If the price breaks upwards a long position is recommended placing it around $11751.95. The Take profit following the pattern, must be relative to the base of the triangle, at approx. $16698.04, and the Stop Loss near the last minimum point, around $9861.93. This position gives a Risk-Reward ratio of 2.72.
On the other hand, if the price breaks down, a short position is the best action. placing the order at $9965.20 approx. or a little below the breaking point. The Take Profit, equal to the base of the triangle, near $4904.72, and Stop Loss around the last maximum top around $11411.06. Risk - Reward ratio 3.02.
If the price breaks upwards a long position is recommended placing it around $11751.95. The Take profit following the pattern, must be relative to the base of the triangle, at approx. $16698.04, and the Stop Loss near the last minimum point, around $9861.93. This position gives a Risk-Reward ratio of 2.72.
On the other hand, if the price breaks down, a short position is the best action. placing the order at $9965.20 approx. or a little below the breaking point. The Take Profit, equal to the base of the triangle, near $4904.72, and Stop Loss around the last maximum top around $11411.06. Risk - Reward ratio 3.02.
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.
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.