Very high multiple reward to risk
Updated
Simple pattern. And all it takes is a 7% winrate or more for this to be worth it.
The odds I think are much greater than a lousy 7%.
Not the first time BTC responds to fib...
Even on lower timeframes (not as strong of course):
And of course, on the higher TF it's even better:
Even if we remove those that bounced out of the exact area pinpointed, that looks like a higher than 7% hitrate doesn't it?
The odds I think are much greater than a lousy 7%.
Not the first time BTC responds to fib...
Even on lower timeframes (not as strong of course):
And of course, on the higher TF it's even better:
Even if we remove those that bounced out of the exact area pinpointed, that looks like a higher than 7% hitrate doesn't it?
Order cancelled
Cancel all orders.Just dropped instantly in seconds so...
Note
Trying to play lol here reeeeeeeeeewhy is it going so fast
Note
Price is bouncing a bit now Might bounce on next fib...
I don't really trust all the people that say they buy dips.
Only way that makes sense is pinpointing areas like I did and having very high R's, because catching a falling knife is very punishing.
If they are "averaging down" then it's a disaster waiting to happen OR they make tiny profits.
Bitcoin investors are running out of trendlines
Not only did the price dropped 40% in a single day, but it did not bounce, the candle closed down there.
I want to make a script to scan for the worse days ever, brb.
I cringe because I remember troll flamers that were talking about "beautiful green monthly candle" kek.
REKT!
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.