Bitcoin (BTC) has been fairly predictable within it's channels recently, and this is no exception.
The bad news is that we're currently at the top of this channel on a downtrend WITHIN the channel (although the overall channel is in an uptrend).
The good news is that we entered this channel from the bottom on a trend upwards, which means we are likely to breakout of this channel to the upside eventually. However, chances are, that day is not today and we should see a revisit to the bottom of the channel ($9,400) before we hit the top of the channel again ($11,000) and likely breakout of it.
The bad news is that we're currently at the top of this channel on a downtrend WITHIN the channel (although the overall channel is in an uptrend).
The good news is that we entered this channel from the bottom on a trend upwards, which means we are likely to breakout of this channel to the upside eventually. However, chances are, that day is not today and we should see a revisit to the bottom of the channel ($9,400) before we hit the top of the channel again ($11,000) and likely breakout of it.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.