Risk 0.25 BTC & turn it into potencial 5 BTC profit with R:R 20

Hello everyone

I see a nice short and even mid/long term longing opportunity on OmiseGO charts agains BTC pairing but agains USD as well
This trading setup explains how risking of 0.25 BTC can turn into 5 BTC profit with R:R 20

This chart is supported by lower time frame ideas which you can find in Related Idea below or HERE: (R:R3 11%) / OMG Bullish agains BTC



How to calculate position size for this trade if its done with 5x margin

Let’s say we have a $11100 account (Price of single BTC at the time of writing).
We’ve established that we’re not risking more than 5% on a single trade. This means that we can’t lose more than $555 on a single trade.

Let’s say we’ve done our analysis of the market spotted the resistance turning into support, bounce on 0.618fib retracement & bull divergence on 3h timeframe
and now we have determined that our trade idea is invalidated 5% from our initial entry. In effect, when the market goes against us by 5%, we exit the trade and take the $555 loss

Account size – $11100
Account risk – 5%
Invalidation point (distance to stop-loss) – 5% (0.0001316satoshi)
Take profit - 100% (0.0002682 satoshi)


So
e.g. Investing 1 BTC ($11100 USD at the time of wreiting) with 5x leverage into this R:R20 / 100% Gains trading setup could turn into 5 BTC profit (-fees) till EOY if this C&H pattern trading setup plays out. With risking off $2775 loss (1/4 BTC) of your total Account size. I would say that is quite nice trading setup worth taking the risk.

What are your thoughts ?



ChaChain
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KEYWORDS
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.

Comment:

Final target 100% not hit (yet) but 80% up in just 2 weeks ! That is 4 BTC profit if you followed the setup. Consider taking a profit

Trade closed: target reached:

100% target reached. Easy 5 BTC profit Hope you enjoyed the analysis

Comment:

C&H pattern target reached