Short term ranges for BTCUSD
Here are my ranges that I am looking at to see a short term increase in price or decrease in price.
I am still overall bearish until the start of 2021 but this will determine if I put more working capital into the trade or not.
To invalidate this bearish sentiment we would have to go above 7308 where I would have my stoplosses kick in and then push above 7466 for me to turn bullish and look for a trade.
So scenarios are:
- Breakout above this pennant --> Add to short position when it stabilizes but only if it is below 7308 as that would be the stoploss
- Breakout below this pennant --> Hold position and add a stoploss for 25% of trade to a new position above stabilising area to take profits if moves back up.
I will not look at scalping as I find it too risky for the overall position.
Maintain or gain.
I am still overall bearish until the start of 2021 but this will determine if I put more working capital into the trade or not.
To invalidate this bearish sentiment we would have to go above 7308 where I would have my stoplosses kick in and then push above 7466 for me to turn bullish and look for a trade.
So scenarios are:
- Breakout above this pennant --> Add to short position when it stabilizes but only if it is below 7308 as that would be the stoploss
- Breakout below this pennant --> Hold position and add a stoploss for 25% of trade to a new position above stabilising area to take profits if moves back up.
I will not look at scalping as I find it too risky for the overall position.
Maintain or gain.
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.