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Long

Buy Bitcoin @ 3000 - Risk:Rewards & Returns Explained

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Assuming Bitcoin dips towards 3000 Area, a bounce to 23.6% Pullback will deliver 131% Returns at a Risk:Reward Ratio of 1:3 & a bounce to 38.2% Fib Area will deliver 207% potential returns at a Risk:Reward of 1:5, assuming the price finds a floor around 2976 with 1800 Area as a Stop Loss
Twitter @tradingroomapp
i think 6k is strong ice cap, why?
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Stop loss at zero seems reasonable for me
+1 Reply
$1000 stop loss? Lol no.
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Excellent chart good job
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Hi TradingRoomApp
Out of curiosity, may I ask why 3D as timeframe and not daily or weekly?
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Excellent chart. I appreciate bigger picture looks with R:R. Let's hope it plays out this way!
+1 Reply
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