A descending triangle has been formed on BTC/USDT chart and it is also located between a macro fibo lines which shows us how important this area is for Bitcoin, as we can see the bottom line of triangle has prevented bitcoin for falling down many times so it can be considered as a major support for now, in a case that price breaks for top of the descending line there is a possibility that bitcoin could rise to 0.68 line of macro fibo which would led bitcoin to gain almost 40%
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades .
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades .
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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.