-Take a long position if the candle close above 209.
Stops are placed right at the center of the consolidation triangle. Either direction that bitcoin choose to go should guarantee equal risk reward.
** Be patient on your entry! Watch out for throwovers, or fakeouts.
Originally, wanted to look short from 207 area bc that DL at 212 is like 4/5 bucks away for potential $15 dollar gain to next DL 190. I'll take that trade all day.
Now, that has turned into this: Can see alllllmost hit 190 target (low wick was 192) so potentially could call it close enough, and in any event up 10-15 on that trade 2x - 2.75x r;r. You have almost same thing here -- few bucks of upside to stop out, or same target, down 190, 3-4 up or 8 down, so close to 2x r;r.