If you want to take a 1:10 risk-reward ratio do what I showed on the chart, but note that this method will have a lower success rate but with a higher profit. so, If you are an aggressive trader set the positions as I showed, but If you want to take a lower risk and lower profit with a higher success rate you can do what I wrote on the right side of the chart.
BTC Volume is at the highest levels from its historical data... and this is a very good sign of a big bull run in future moves. but have an eye on resistance in 30K and wait for an excellent sweet Break Out...!!!! stay tuned I will show you the best entry point for you...
As you see we have two major support zones, and after the price reached the support zone, and showed us a divergence between MACD and the market price, then I'm short until I see a major reversal, but I think the price can move to the second support zone and after that, I will seek to a good reversal... but we should wait and see what will happen...
According to price action, we have two major moves in MATIC: At first look to the range zone If the price breaks up the range zone then wait for the pullback and enter for higher prices. On the opposite side, if the price breaks down the range then get to a short position until the next resistance area I showed in the chart. But the first scenario has the most...
As you can see in the chart, I see a buy opportunity with at least 1:2 risk reward ratio. Put stop loss and take profit points like I showed in chart.
Accouriding to change of character happened in doge price structure and bullish cycle, I see an uptrend to 0.15 price level. So we can take an buy setup with at leat 1:3 risk reward ratio.
If you look at my previous analysis of Bitcoin, I told you that we have two Bearish news: the first is the war and the second is the Federal Reserve tapering news that will happen from March! I think this is just a pullback and I am Bullish about Bitcoin, because the pumping money is not over yet!
Bitcoin next price and fed news effect in the next weeks and monthes