Long

BTCCNY: Let's add or reenter longs if flat

Updated

Simple, we can go long here with good odds for a rally in the intermediate term.

Good luck!

Ivan Labrie.

Note

Looks good.

Note

Holding for more upside. USDCNH uptrend helps BTC rally.

Trade closed manually

See updated chart, we booked profit and shorted, support didn't hold, not looking good for bulls.

Note

Realized reward/risk here was 4,89:1 if you closed at the top, since we got 77 rmb below our entry only.

Note

(this is also called "Maximum adverse excursion" and is a good metric to evaluate your trading signals.

mypivots.com/dictionary/definition/409/maximum-adverse-excursion-mae

Note

More cha-ching'ing.

🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/

Also on:

Related publications

BTCCNY: Tight stop loss long

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.