I've got this long set up for an Adam & Eve double bottom on BITCOIN, it has a 12.3% chance to failure in a BULL Market, so it has a higher risk in a Bear Market. It's located right above the 300W EMA. If it breaks above properly then you'll get a great trade.
Chance of failure: 12.3%
Long Entry: 21868
Stop Loss: 20923 or 1.5x ATR on the 8H
TP 1 (85% of hitting): 23400
TP 2 (69% of hitting): 24978
TP 3 (48% of hitting): 28202
Chance of failure: 12.3%
Long Entry: 21868
Stop Loss: 20923 or 1.5x ATR on the 8H
TP 1 (85% of hitting): 23400
TP 2 (69% of hitting): 24978
TP 3 (48% of hitting): 28202
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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.