I don't like bitcoin, but I like to study levels. My level analysis indicate that bitcoin may go higher.
A risky (but potentially rewarding) setup with a R/R of 9.
If it's filled it's filled. I wouldn't take positions from current level, only if it reached the zone.
A risky (but potentially rewarding) setup with a R/R of 9.
If it's filled it's filled. I wouldn't take positions from current level, only if it reached the zone.
Trade active:
Close enough
Trade closed: target reached:
Was worth a shot. Upper targets will be reached in next cycle.
Trade closed: stop reached
Comment:
Studying the bars we can see something interesting out from the chart. The 6820 level; after it got broken down it was exactly tested back. This is important as it reveals the degrees that bitcoin is working with. And in setups like these, one can actually make almost risk-free setups if you can handle drawdowns, because price will always come back to test these major levels/degrees after brekdown.