1D Bitcoin long in low zone of 4 month Trading Range
1D:
The Bitcoin is in Trading Range (TR) for 4 months.
When we are in TR the probability for breakout (BO) beyond TR Up or Down is only 20%
In Trading Range we should Buy Low, Sell High (BLSH)
Right now Bitcoin in Low Buy Zone.
Trading Idea:
Buy with stop order above bull bar at 20.554
Place protective stop order beyond the reversal below Trading Range at 18.287
I want to swing position for risk/reward 1/2 with Take Profit at 25.110, but in case of market uncertainty 1/1 also will be good at 22.800.
Right now probability to get to the High zone 23.000-25.000 is slightly higher
than get to the zone outside of Trading Range 18.000-18500
The Bitcoin is in Trading Range (TR) for 4 months.
When we are in TR the probability for breakout (BO) beyond TR Up or Down is only 20%
In Trading Range we should Buy Low, Sell High (BLSH)
Right now Bitcoin in Low Buy Zone.
Trading Idea:
Buy with stop order above bull bar at 20.554
Place protective stop order beyond the reversal below Trading Range at 18.287
I want to swing position for risk/reward 1/2 with Take Profit at 25.110, but in case of market uncertainty 1/1 also will be good at 22.800.
Right now probability to get to the High zone 23.000-25.000 is slightly higher
than get to the zone outside of Trading Range 18.000-18500
Trade closed: stop reached:
nevertheless, i still believe that we will ho higher