doubleS

BTC Long Trade - Second position at 41700

doubleS Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Btc Break up EMA10 & 21 ,currently is long Bias , looking forward to next resistance 45500 area , if break this resistance , will go to 51k .

Add position / Throttle , I already have a position at 34900 and SL set at 38000 , right now I will wait the price drop to area 41800-41700 area to add in my second position . the motive is the make my double my position with free risk . average price 38350-39000 area. SL will set to 39000 for Breakeven.

Targeting 51k
Practicing my own analysis , and my own trading journal . don't follow
Comment:
Current price drop 41300 , which is also fibo 50% of the last rise. enter my second entry at 41400 , average price at 38150 , area , SL at 38500 . risk free ride. first TP target at 45500 and second at 51000. this is a mid long term trade. might hold longer if the price start to right. i will have good entry advantage .

Reason for entry
- Fibo 50%
- Support area at 40500-41000
Trade closed manually:
BTC recently trend stuck in up and down up and down , stuck at 45000 and 34000 area. the sudden drop closed my trade at 38500 . make a little profit. as my average price at 38500. for me is consider good trade , because i protected my capital , when the market move not according to plan.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.