BTCUSD remained in the long position. I was not forced to quit or reduce my risk. So I stayed in a long position. The analysis shows that bitcoin has turned north from the lower level of the D1ATR. Here again I mention an important rule. I usually work with two target prices. The rule is as follows. 1. If the exchange rate moves north from the lower level of the D1ATR, it means that the next trend is starting weak. In this case, I choose the closest target price. In this case, the level of 10905usd. I'm doing more dynamic risk management at this level, so I'll go down to M15ATR risk reduction. I do it because the high-light color can stop here. I make a profit. If the exchange rate turns north at 50% on the D1ATR, this is a strong trend start. Therefore, in this case, I am assuming that the exchange rate will continue to move closer to the target price of 10905usd. In these cases, I do looser risk management. For example, I choose H1ATR stop distances. In this case, I assume that the exchange rate will move further towards the target price and move towards a more distant target price.
Whatch out for long BTC. The situation from 25"10"19 may copy!
GWAVE
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I agree @meszaros , long term it looks like a good long but patience is key as has been always key with BTCUSD. I hope my chart below helps ...
meszaros
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@GWAVE, Thank you for your analysis. Understand what you wrote.
CryptoComps
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I think it’s going down it’s gonna dump hard 5-6k I think
meszaros
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@lrkigforex, Thanks for the comment. The movement of bitcoin is very exciting. I love these cheats. Apart from the situation mentioned in my analysis, many things have not happened. Volatility has increased. Any direction is conceivable. For the time being I am in a long position, but I am also prepared for risk reduction and partial / full position closure.
mikeUkTrading
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BTC built bull flag on H2. The impulse to bridge up 10400 resistances possibly came now.
meszaros
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@mike1244321, I agree with you.
de573
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What do you think now after the dump? I'm still holding my long
meszaros
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@de573, I agree with you. I also hold the long position. However, in the event that bitcoin turns south again and plunges below the lowest "spike" in the red rectangle below 9551.27usd, I do risk mitigation and partial closure.
rory_russell
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I think we’ll remain above the 21 weekly so I’m still@Very bullish 🤜🤛