Bitcoin started a bull cycle on 2023 and now has finished a lateral zone creating an expanding triangle, which is a sign of continuation for trends.
Taking into account that we are just doing new highs, this can be crazy, but the $100k target will be soon.
How to trade BTC now?
Buying BTC now can be hard because a pullback can hit hard to your account.
Maybe the best you can do is to wait for a pullback to the 70k$ zone where the support zone is located. This kind of expanding triangle usually has pullbacks, so pray to have your opportunity!
Buying in the 70-73k$ zone means that a stop loss at a 15% is quite safe, so you can earn easily 50% by risking just 15% of your investment.
This kind of 3x return/risk is waht you should seek for your trading account ;)
For more Trading ideas
Feel free to follow me to see more ideas with high return/risk ratio, like the one in Tesla with over x10 return/risk ratio!
Taking into account that we are just doing new highs, this can be crazy, but the $100k target will be soon.
How to trade BTC now?
Buying BTC now can be hard because a pullback can hit hard to your account.
Maybe the best you can do is to wait for a pullback to the 70k$ zone where the support zone is located. This kind of expanding triangle usually has pullbacks, so pray to have your opportunity!
Buying in the 70-73k$ zone means that a stop loss at a 15% is quite safe, so you can earn easily 50% by risking just 15% of your investment.
This kind of 3x return/risk is waht you should seek for your trading account ;)
For more Trading ideas
Feel free to follow me to see more ideas with high return/risk ratio, like the one in Tesla with over x10 return/risk ratio!
Trade active
There is still room for bull market. The pattern has been confirmed and a masive return generated for now.Trade closed: target reached
And there we are, $100k reached.
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.
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.