BTCUSD update. The analysis shows the daily correction band. The next thing we should do in trading. 1. If the exchange rate falls below the level of the lower end of the adjustment range (9808.57usd), we must reduce the risk. 2. In the event that it rises again from this level, we need to follow a Target price tracking strategy at 10905usd. This could be a so-called "50% poker strategy, or a trailing stop strategy. But it could be a stop timing based on a lower timeframe, such as an M15 ATR strategy. Because the adjustment was greater than 50% of the adjustment bar, therefore, the chances of a further rise have diminished, so we need to make a profit on the target price of 10905usd.
Here is a trading idea with the potential formation of a symmetrical triangle.
The idea was published in June 2019.
BTC is the possible formation of a global triangle. Altpump.
I'm not too sure, I potentially see the price falling further as we are due for a correction before we rise higher. Just my opinion check out my previous ideas and share your thoughts if needed.
meszaros
⋅
@tuckerx2, Thanks for the comment. Currently, Bitcoin is at the bottom of its daily ATR adjustment. I have to slowly prepare to reduce the risk of long positions. I agree with you. Although I must admit that at the moment the level still holds. If it falls tomorrow morning, then I will begin to reduce my risk. For now, I'm not rushed. I'm waiting with patience.