RIP Lord Ashdrake!
Mega resistance now that Bitcoin broke down from what looked to be a cup and handle.
We're now going to retest that breakdown point as resistence. I will enter a short because it is a superb R/R
I'm not a fan of double bottoms, in the case of bitcoin it signals further capitulation if anything went below 10K.
3 R/R if we smash just a "double bottom", 5+ below that lol - I would hate myself if I didn't try hedge.
We have a stop loss so that we aren't holding USDT bags and much rather bitcoin bags.
Mega resistance now that Bitcoin broke down from what looked to be a cup and handle.
We're now going to retest that breakdown point as resistence. I will enter a short because it is a superb R/R
I'm not a fan of double bottoms, in the case of bitcoin it signals further capitulation if anything went below 10K.
3 R/R if we smash just a "double bottom", 5+ below that lol - I would hate myself if I didn't try hedge.
We have a stop loss so that we aren't holding USDT bags and much rather bitcoin bags.
Trade active
11.2KTrade closed: stop reached
All about position sizing fellas
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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.