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LiamsAnalysis
Nov 21, 2019 10:44 AM

Long position opened on BTC  Long

Bitcoin / United States DollarCoinbase

Description

I have opened 2 long positions on BTC after identifying momentum loss on a key support region and long term descending trend line, that BTC had broken to the upside on 26th of October and had now returned to retest. I am taking this position purely on a technical basis due to good Risk to Reward, I will look to take profit at the upper end of the channel and aim for a breach higher to the 9.1k region.
Comments
LiamsAnalysis
Unfortunately we hit a loss on this trade, however we have saved further losses from good risk management and exiting appropriately
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