Bitcoin on the las bull run used a channel which led up to the all time high before going parabolic. Bitcoin is going to have a year long channel that leads to 20k then goes to 100k the second year around early 2022. Long term holders should set stop loss at 6k. Mid term trader should set stop loss at 10370.
My advice is to buy once we have broken towards the upside, and dip down to confirm the breakout, then you can set a stop loss 1 % under breakout with a 30% limit sell resulting in a 1:30 risk reward ratio. If you buy now you are risking 4 % to win possibly win 30% which is still really good equaling about 1:9 risk reward ratio.
My advice is to buy once we have broken towards the upside, and dip down to confirm the breakout, then you can set a stop loss 1 % under breakout with a 30% limit sell resulting in a 1:30 risk reward ratio. If you buy now you are risking 4 % to win possibly win 30% which is still really good equaling about 1:9 risk reward ratio.