Moving in on the All-Time High - What Will BTC Do Next
In my previous ideas I showed you how BTC is following a perfect parabola at the moment. It hasn't broken in months now.
If we keep following this parabola we can expect that the price will break through the all-time high in only a few days.
It is very difficult to come up with a sane trading strategy if it does. A common strategy that I like in such situations is to trade with a trailing stop-loss. Essentially you keep dynamically increasing your stop loss every time the price goes up.
You have the infinite potential of a coin that's mooning while having your risk capped at the same time. A great win-win.
The resistance on the all-time high is incredibly important though. If the all-time high breaks, we can expect a lot of external consequences as well. For instance, more news articles will be published about the breaking of the previous all time high.
Subsequently, we can expect more attention drawn to bitcoin, increasing the demand while keeping the supply stable. This creates a second influx of demand that can be great for the price. Expect that if BTC breaks above $20,000 we will see an immediate secondary response of another easy +10% gain.
-Trading-Guru
If we keep following this parabola we can expect that the price will break through the all-time high in only a few days.
It is very difficult to come up with a sane trading strategy if it does. A common strategy that I like in such situations is to trade with a trailing stop-loss. Essentially you keep dynamically increasing your stop loss every time the price goes up.
You have the infinite potential of a coin that's mooning while having your risk capped at the same time. A great win-win.
The resistance on the all-time high is incredibly important though. If the all-time high breaks, we can expect a lot of external consequences as well. For instance, more news articles will be published about the breaking of the previous all time high.
Subsequently, we can expect more attention drawn to bitcoin, increasing the demand while keeping the supply stable. This creates a second influx of demand that can be great for the price. Expect that if BTC breaks above $20,000 we will see an immediate secondary response of another easy +10% gain.
-Trading-Guru
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(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
Check out my next idea on how to continue trading BTC/USD: