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Long

VENBTC: why I just enter long position

BINANCE:VENBTC   None
HI All,

It's All in the chart: BTCUSD .

Just Entered into VENBTC.
RSI shows oversold.
When will the downtrend end, who knows, but this is a long position.
This trade VENBTC could go much lower, because its Predicated on BTCUSD .
Hence, stop loss is a must.

Swing traders: Statistics and probability are on our side.
Don't worry about being right all the time.
You just have to be right 50% of the time to Double your initial capital.

Up Trend: Impulse. Down Trend: Correction.
All wave Patterns are impulse or correction.
Sideway: Except for moving horizontally.
Retracement: Price hit Support, Reversal Period,
Stop Loss: 60/40 Split.
Resistance: Price Falls below Previous Support Level .
Only trade when you see repeated price pattern.
Limit to roughly 15-20 trades per month 2/1.

Impulse & Correction: 50/50 Win or lost: lose $50 - Make $100

Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.

Be sure to Follow me for future charts, like this post if it was helpful, and thank you all.

Happy trading People...
Comment: VENBTC lookings to be moving in an UPTREND
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