Just wanted to share short-term trade pick for today.
As I posted earlier, BTC exactly bounced back from 1st WKLY support. Please check the link below to make sure that you don't miss anything about BTC. You must understand its big picture first before you get in any trades.
I personally think that this week is very critical to BTC as we're approaching 104 WK MA and accumulated resistance line. If we fail to go above this price line with strong buy until this Sunday, then more than likely, BTC will fall next week as it's rejected. However, I just wanted to share short-term trade pick. And this means that since we're approaching resistance area from WKLY perspective, we don't need to increase portion of this trade from your asset.
<Reason for Entry>
- captured the change of its velocity as it finished its correction after BTC bounced back.
- Profit Loss ratio : 1.12 - Required minimum probability to make profit for this trade : 47.17% Since this is just for short term, would be much better if you utilize margin to go long for it. Of course, if you're staying outside of the U.S.
Thanks,
After all, only Traders who have right strategies that penetrate markets will survive, not people trading with luck or without criteria.