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Cryptic_Insight
Nov 20, 2019 6:34 PM

BTC Setups - Shoot your shot Long

Bitcoin / U.S. dollarBitstamp

Description

As a trader your main objective should be three things.
1.) Identify high probability trade setups
2.) Define/Manage your risk to protect your capital
3.) Get your emotions out of the way

Catching tops and bottoms for clout is NOT an objective.

With that being said, this zone is ideal for a swing or position trade. All kinds of support areas for you to defines your risk on a trade, EVEN if it ends up hitting your stop.

There could be a liquidity play to trigger stops on longs so again, manage your trades and identify zones that you can strategically place some limit orders :-)

I have been laddering into orders from $8160 and below and have more limit orders below in case there is another spike down to stop hunt which will create the extra liquidity. If not, then I have a plan to for multiple scenarios. No need to FOMO long or short; there will always be an opportunity. Patience, planning and good TA is key. :-)

*Hows that BTC Dominance chart looking*
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