I wanna start of with what Rob posted yesterday in our group:
=> We afterwards discussed the probability for a mean reverting trade:
- We're still in the , which will see a breakout coming eventually.
- We're at 10k psychological
- We're at the 61,8% as Rob perfectly pointed out
What does ist give us as trading opportunity?
Mean-reverting means that we're going against the trend. So in this case, we're betting on the bottom to hold. Our downside is 1-2% until the 9,8k region, where our trade is definitely invalidated, and it will mean that BTC will with high probability go towards 9,5k, and probably even break the Weekly Equilibrium in that case.
But should 10k hold, we will have easy 8-10% upward potential, just until 11k alone.
If you're not a in trade yet, you could look out for the 10,2k to be broken, and essentially 10,3k to definitely get the break out of the channel.
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