1) BTC made all time highs on a strong run up, so some sideways movement was to be expected.
2) However, there were over $2 billion in USD liquidations on this drop! The downside was softer than expected.
3) BTC went into a range, which is normal, but didn't even retest the lows. The bull market looks ridiculously strong.
4) Range expansion to the upside means the bull trend is back on!
Entry: immediate
Stop: 2300 below entry
Target: open, will wait for the trend to flip downward
2020 stats for this trade:
36 trades
47% profitable
4.1 profit factor
2) However, there were over $2 billion in USD liquidations on this drop! The downside was softer than expected.
3) BTC went into a range, which is normal, but didn't even retest the lows. The bull market looks ridiculously strong.
4) Range expansion to the upside means the bull trend is back on!
Entry: immediate
Stop: 2300 below entry
Target: open, will wait for the trend to flip downward
2020 stats for this trade:
36 trades
47% profitable
4.1 profit factor
Note
Note: the strategy results below are using 100% equity on these positions, which may not meet your risk tolerance.Note
+7% so far and grinding upward!Note
+20% move, however price is looking a little weak on this part of the climb. Those that want to take profit can, but I'm still holding until the trend reverses.Trade closed: target reached
I'm out here for +15%. The range is contracted and it's the weekend. Wherever it goes, it'll go there quickly. I'm fine entering higher if it keeps going up.
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.