UPDATE: BTCUSD - Levels to watch
! Not financial advice but someone sharing his trading diary!
Make and follow your trading plan and you will do fine on the long term.
BTC broke out of the symmetrical Triangle and bounced from the bottom of the channel. Next move can be towards the weekly level where it can see an acceptance or rejection. I know now people can buy Tesla with Bitcoin but this shouldn't result in FOMO.
- Time to Take Profit from the Long Position and wait for the next move.
- Long Open: Backtest after Breaking the weekly resistence with sound volume.
- Short Open: Being rejected from the weekly (Absorbtion)
- Trading level by level
Invalidation : for both longs and shorts can be after change in Market Structure. SL above/below wicks
Risk: 1% of Account.
Good Trading everyone!
Make and follow your trading plan and you will do fine on the long term.
BTC broke out of the symmetrical Triangle and bounced from the bottom of the channel. Next move can be towards the weekly level where it can see an acceptance or rejection. I know now people can buy Tesla with Bitcoin but this shouldn't result in FOMO.
- Time to Take Profit from the Long Position and wait for the next move.
- Long Open: Backtest after Breaking the weekly resistence with sound volume.
- Short Open: Being rejected from the weekly (Absorbtion)
- Trading level by level
Invalidation : for both longs and shorts can be after change in Market Structure. SL above/below wicks
Risk: 1% of Account.
Good Trading everyone!
Aviso legal
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