We have a nice chance to enter longs here with a tight stop loss. We can jump in right now, or wait for a few hours if more conservative. Stop loss is 5145.08, if we go below it, we might get a correction in weekly scale, so ideally, we stay above it.
Timing the entry would help with getting in and seeing profits instantly. If you jump in now, although price is low, and at support, it might go in the red briefly, so, it would be easier to wait and go long by 6pm my time, GMT-3 to be safe. Good luck, and either trade with no leverage, only holding up to 80% account in BTC, or risk no more than 3% per trade.
Cheers,
Ivan Labrie.
Yorum
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Yorum
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Last: 5301
Looks good, we might stall for a while, I'll watch it to add to it when viable.
Yorum
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It looks like we caught the precise low of the correction.
Yorum
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Price action is bullish in the short term, only a matter of time before we retest the weekly highs and go even higher. USDCNH continues the uptrend which can only strengthten BTC.
İşlem elle kapatılmış
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Reduce longs back to 15%, our core long term position holdings.
@IvanLabrie, Respected Sir.Good luck to you. Also.
XxOsurfer3xX
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Looks like the breakout is finally happening. Any thoughts on target? 6000?
IvanLabrie
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@XxOsurfer3xX, targets are higher in the long term, but right now we need to watch the 5710 mark.
Pato99
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thanks for the update. i bought @ 703 €. I´ts now 709 €.
Lets hope we go up from here!
bhsl
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Ivan, thanks! Following this chart as well (and your other crypto charts). But bitcoin seems to be slow, not much happening.
UnknownUnicorn396945
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Seems breakout is coming brother, the odds is favoring upside, right ?
IvanLabrie
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@AhmedAlif8, Advance has been weak, I'm not sure and I see ETH climbing, maybe BTC stalls here for a while.
I reduced my exposure to only 15% account and bought ETH at 6.65-7.1 euros.