Hello, btc looks strong, even after the retracement, which did not show much strenght. The 11k was touched as per the linked idea the very next day. We are still in the ascending channel and RSI decreased a lot in the last month while btc was flat, which is a good sign as it seems BTC took a rest and is now ready to jump again. Also, looking at the chart below, the long/short ratio is now very interesting as we are not in the "overheated" area of 2:1 (where everybody is long) but is now lying on the 1:1 level, seemingly waiting for the "next uptrend wave". The secret indicator shows a 27% potential target for it so, if the channel slope is respected, this level should be reached in 1 month approximately (October). I signaled it on the chart with a circle.
So what is the strategy? I am buying a call option 13000 strike and 25Sept exp for 200$ with a potential $1500+ profit (7x risk reward)
So what is the strategy? I am buying a call option 13000 strike and 25Sept exp for 200$ with a potential $1500+ profit (7x risk reward)
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Are you a good trader but you lack the capital?
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
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.