JimMakos
Long

Is Bitcoin selloff over?

MTGOX:BTCUSD   Bitcoin / Dollar
359 0 3
Bitcoin             lost 50% since all-time high at $1,250. If we are going to believe the worst is over for Bitcoin             following China's news and trust the bullish candlestick pattern on the 76.4%/61.8% Fibonacci retracement , here's a long-term trade with a 2.5:1 Risk/Reward ratio.

If this kind of prediction proves correct more often than 30% of the times, we make money in the long run.

Remember, profitable trading comes down to this simple equation:

(R/R) * (win%) > 1

Are you long or short Bitcoin?
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out