Gaspard_

BTC/USD long position

Long
Gaspard_ Updated   
BITFINEX:BTCUSD   Bitcoin
LOW probability trade since we've been on an obvious multi-year bearish trend, yet i'm keeping my risk low (3.9:1 trade) and longing BTC right into this bullish breaker after a market structure shift and targeting a previous high.
Trade active:

Adjusting stop-loss from 3463.5 to 3381.8, R:R is now 2.59:1 (previous was 3.91:1), I'm placing the stop-loss a little bit below the possible daily breaker. Price should close above the 50% area in order to see a bullish reaction from this area.
Trade closed: target reached:

Target reached, took more time than I thought it would (a month). Waiting for the next setup to form.
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.