BTCCNY: Good dip to buy up to 80% account with no leverage
Updated
We have a nice chance to enter longs here with a tight stop loss. We can jump in right now, or wait for a few hours if more conservative. Stop loss is 5145.08, if we go below it, we might get a correction in weekly scale, so ideally, we stay above it.
Timing the entry would help with getting in and seeing profits instantly. If you jump in now, although price is low, and at support, it might go in the red briefly, so, it would be easier to wait and go long by 6pm my time, GMT-3 to be safe.
Good luck, and either trade with no leverage, only holding up to 80% account in BTC, or risk no more than 3% per trade.
Cheers,
Ivan Labrie.
Timing the entry would help with getting in and seeing profits instantly. If you jump in now, although price is low, and at support, it might go in the red briefly, so, it would be easier to wait and go long by 6pm my time, GMT-3 to be safe.
Good luck, and either trade with no leverage, only holding up to 80% account in BTC, or risk no more than 3% per trade.
Cheers,
Ivan Labrie.
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Last: 5301Looks good, we might stall for a while, I'll watch it to add to it when viable.
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It looks like we caught the precise low of the correction.Note
Price action is bullish in the short term, only a matter of time before we retest the weekly highs and go even higher. USDCNH continues the uptrend which can only strengthten BTC.Trade closed manually
Reduce longs back to 15%, our core long term position holdings.Trade active
We start by adding back 15% here.
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