So, How does one trade this?
Bullish TRADERS;
In the case we have a continuation to the upside this is how I would trade it;
New Trades, Open Long Position over $4,500 - with a $4,350 stop loss. If unable to break 5K sell 75%
If we break 5K Hold til $6,500-$7,500 depending on price action.
(EX: On A 1 BTC Trade Your Potential Loss is $150 - Your Potential Profits Are $1000-2000-3000...) pretty much riskless.
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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.