TheDinoChart

Neutral outlook for BTC: R/R trading strategy. Daily chart.

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
We are at the "no trading zone" for swing traders. Currently, BTC is floating in the range between support 9,385 and resistance 10,789. There can be two nice setups for trading:

Short the retest of broken support. R/R = 4.87
Entry: ~9,385
Stop loss: 9,750
Target: 7,633

Long the retest of broken resistance. R/R = 3.62
Entry: ~10,789
Stop loss: 10,361
Target: 12,318

Meanwhile, sit back and relax. Patience is very important in trading.
Please follow and smash the like button to support my work and see even more free TA :)
Trade safe fellas!
smart aproach buddy..!
+1 Reply
TheDinoChart leonwrar357
@leonwrar357, I hope so! we will see soon enough :)
Reply
Perfectly reasonable chart. Nice one!
+1 Reply
TheDinoChart VOC-Handelaar
@VOC-Handelaar, happy to hear. Thank you!
Reply
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