BTC 3 to 1 Risk/Reward on a Retest of Down-trend Line
Bitcoin momentum is slowing into resistance, however, RSI remains above 50, meaning daily BTC momentum is still bullish.
Taking a long position on the terminal pattern (yellow) results in a 3:1 risk/reward ration with our reward scenario being a re-test of the downtrend line, and our risk scenario being a break of our current up-trend.
This is a short-term trade to be used with small position sizing.
Bitcoin is no longer in the green band, meaning DCA'ing into a longer-term position with larger sizing is no longer suitable.
Taking a long position on the terminal pattern (yellow) results in a 3:1 risk/reward ration with our reward scenario being a re-test of the downtrend line, and our risk scenario being a break of our current up-trend.
This is a short-term trade to be used with small position sizing.
Bitcoin is no longer in the green band, meaning DCA'ing into a longer-term position with larger sizing is no longer suitable.