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tmsarn
Apr 22, 2021 4:43 AM

BTC/USD price action - final stage Long

Bitcoin / U.S. dollarBitstamp

Description

Analysis: Bitcoin latest buy opportunity just right here, since we started a positive feedback loop, and we are at the start of a positive correction. Risk reward low, this could be a potential long term trade since. I would like to mention that I am not always bullish, we can have a sudden flash crash as well, but using my risk management strategy, you can make money on your own without loosing your capital. NEWER TRADE WITHOUT EXIT PLAN!!!!!

Trade: BUY

1st trade entry: 53200$
2nd trade entry: 54100$
1st target: 68k
2nd target: 95k
S/L: 51900

Check out my yesterdays catch - chart is attached below.

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Comments
watchtrend
Good idea
btc_shah
Nice tight stops. You might win big.
btc_shah
Too many bears around since the dip. Market sentiment will flip with a crushing upward candle.
tmsarn
@CheyneKohl, on the 4 H chart all indicators are bullish once they are do their job daily will be bullish too, but you need to act 1 step ahead to eliminate the downside or upside risk. I wasn't this bullish since january to be honest.
tmsarn
@CheyneKohl, thank you. I am trying to do my best and to offer some value to my followers.
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