Long Entry [BTC/USD]
Long Entry
Bitcoin has broken a significant exponential moving average level on the 4 hour chart, there is a high chance it will retest this level before moving upwards.
As you can see our smart momentum indicator is flagging it to be bullish currently, and with the price ranging above the EMA it leads us to believe it will carry on upwards to some extent.
With our tools pointing to bullish, a long position could be profitable on the retest of an EMA. R/R is always an important factor, and we usually look to only take opportunities 1.5+ using this strategy. We place our stop below the EMA and below some wicks just to make sure we don't get stopped out easily without a support level being underneath our EMA retest first. Trade safe, take care.
Be sure to give a like and follow us! If you want access to the smart momentum indicator, it's entirely free and can be used alongside pretty much anything.
Bitcoin has broken a significant exponential moving average level on the 4 hour chart, there is a high chance it will retest this level before moving upwards.
As you can see our smart momentum indicator is flagging it to be bullish currently, and with the price ranging above the EMA it leads us to believe it will carry on upwards to some extent.
With our tools pointing to bullish, a long position could be profitable on the retest of an EMA. R/R is always an important factor, and we usually look to only take opportunities 1.5+ using this strategy. We place our stop below the EMA and below some wicks just to make sure we don't get stopped out easily without a support level being underneath our EMA retest first. Trade safe, take care.
Be sure to give a like and follow us! If you want access to the smart momentum indicator, it's entirely free and can be used alongside pretty much anything.
Nota
Moving target to 11k region instead.Nota
Trade fechado: stop atingido
Stop hit, only a small loss though due to some good risk management.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.