Increased buying momentum on BATBTC RRR 1:2.5 potentialMorning! I noticed increased buying activity above low volume area. It created a sort of double bottom and is now attacking the 100MA level, where the POC also is. This level is most likely getting breached, so I am already in the position for 1:2.5 profit. It is a good idea to move the stop loss higher as we approach the low volume area where double top appeared two months ago. I recommend to put it slightly above POC.
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I am recording success rate of all my analysis in 2020. Here is how I am doing:
•A total potential reward of all my analysis is 5 out of which 2 was realized.
•The total risk of all my analysis (number of analysis) is 2 out of which 1 was realized.
•Trading based on my published analysis would equal to closing one RRR 2:1 position successfully.
•This excludes analysis on LINKBTC, which hasn't reached the target yet.