Analyisis: Bitcoin hold pretty strong but there are a lot of noise from the weak traders on the market, which means that trading with tight stop is nearly impossible. We had a lot of noise near the 35k level while the market is trying to create a base for the next move. I am not bearish at all right now, I am only looking to add more long positions and I will wait until we will get to my targets. My next trade on Bitcoin:
My long position from 36k has been canceled due to my S/L limit. Active trades right now: LONG from: 31k and 35797. Details below.
ETH trades: Active LONG from 2000$
Total profit/loss this month: +279%
Total profit/loss last week: -7%
Trade: LONG
Entry: 35797$
1st target: 50.000$
2nd target: 59.000$
S/L 32.185$ - that means a -10% loss ---> increased my risk/trade to 10% since the market became noisy and it kicks me out whenever I use my initial 4-5% risk/trade method.
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My long position from 36k has been canceled due to my S/L limit. Active trades right now: LONG from: 31k and 35797. Details below.
ETH trades: Active LONG from 2000$
Total profit/loss this month: +279%
Total profit/loss last week: -7%
Trade: LONG
Entry: 35797$
1st target: 50.000$
2nd target: 59.000$
S/L 32.185$ - that means a -10% loss ---> increased my risk/trade to 10% since the market became noisy and it kicks me out whenever I use my initial 4-5% risk/trade method.
Please join our community to get out complete trading guidance and trading activity:
community.protradersnetwork.com/
Trade active:
We have a tiny profit, S/L level looks safe
Comment:
Holds strong, people waiting for pullback to buy, I don't think it will happen. Thank you for trading with us!
