Hi everyone,
I described everything in the last post. We are now opening long at $ 13,880.
It is better if you wait for the current 4H candle to close above $ 13,880 because we need to consider the risk of a false breakout. But if you are ready to take the risk, you can enter the current price.
Entry $ 13,880- $ 13,950 (best option if current 4H candle close above $ 13,880)
Take profit: $ 15,200 and $ 16,500
If the current or next 4H candle closes below $13,880 we need to close the position, but also we need to take into consideration volumes. I will update this post if something changed.
I described everything in the last post. We are now opening long at $ 13,880.
It is better if you wait for the current 4H candle to close above $ 13,880 because we need to consider the risk of a false breakout. But if you are ready to take the risk, you can enter the current price.
Entry $ 13,880- $ 13,950 (best option if current 4H candle close above $ 13,880)
Take profit: $ 15,200 and $ 16,500
If the current or next 4H candle closes below $13,880 we need to close the position, but also we need to take into consideration volumes. I will update this post if something changed.
Trade active:
Didn't close the position. Waiting for another few 4H candles.
Trade closed manually:
Close the position in no loss. It’s so risky now. If BTC will close 4H or 1D under $13,880 we will open it again.
With a high probability, we can go lower in the short-term, but this is a medium-term position, so I am holding it for now. Also, if we will see a small drop of the price now, we will open another long position with the mid-term. I can't explain everything, I am doing it just for my clients, but: each position it's not more than 10-15% of your capital (deposit), it depends on your risk, and please don't use leverage on the crypto market. Maximum X2-X3 but X1 better :)
P.S guys, if you are not psychologically ready for a small drop, you can close the position now at no loss. But I trade in the medium-term according to my strategy, and while it brings me income, I will use it.