BTCE:BTCUSD Bitcoin / Dollar
Today I noticed a very interesting setup in BTCE that I thought it was worth mention. As traders we are constantly hunting for 'setup' that we can rely on. I was taught the above mentioned setup may years ago and it still seems as relevant today as it was then. If a in price occurs and the distance from the breakout-point to the 50% level is more then twice the distance back down to the lows then it is a setup worth taking. When I talked to someone about 2:1 risk reward setups today in my tutorial session we put this chart together.