As long as BTC respects the purple trend line established since early July and continues to make LH's over the next couple months we should be able to call that the bottom is in.
We are still trading well below the 100 and 200 day moving averages so it's way too early to say the trend is about to reverse. But what is good to see is some kind of floor being established. Until BTC closes below the purple TL there is no reason to panic and believe that a 3k, 4k or 5k BTC price is coming in the near future. But this is cryptos so always have your stop losses set appropriately not risking more than 2% capital per trade. Which means you can't over leveraged.
Good Luck,
Bobby
We are still trading well below the 100 and 200 day moving averages so it's way too early to say the trend is about to reverse. But what is good to see is some kind of floor being established. Until BTC closes below the purple TL there is no reason to panic and believe that a 3k, 4k or 5k BTC price is coming in the near future. But this is cryptos so always have your stop losses set appropriately not risking more than 2% capital per trade. Which means you can't over leveraged.
Good Luck,
Bobby
Trade closed manually:
Updating outdated trading ideas. Hope you all had your stop losses set around 5.7k before the capitulation drop. I'm going to publish more regularly with better content. I'm going to focus more on tradingview vs. other platforms so I'll be updating with more regulator content.