1) BTC started a new uptrend, which I caught a 40% move with my system as seen in the related idea.
2) Price went into a range. No problem after such a big move. It needs to consolidate.
3) Would price hit 50K?
4) Nope. There's now range expansion to the downside.
The stats are from the start of 2020 to current using ~2% risk. Short trades have been terrible over the past year because BTC has gone up 10x, so I took profits from my longs and I'm sitting aside. However, if you like to short, this is the place!
Entry: immediate
Target: when the trend changes back up
Stop: $2K above entry
Risk: 2%
2) Price went into a range. No problem after such a big move. It needs to consolidate.
3) Would price hit 50K?
4) Nope. There's now range expansion to the downside.
The stats are from the start of 2020 to current using ~2% risk. Short trades have been terrible over the past year because BTC has gone up 10x, so I took profits from my longs and I'm sitting aside. However, if you like to short, this is the place!
Entry: immediate
Target: when the trend changes back up
Stop: $2K above entry
Risk: 2%
Trade closed: stop reached
Looks like the trend is back up. Can't stop this bull market, wow!
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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.
Related publications
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.