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Trend Following: A Case For BTCUSD
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Hello Traders
After seeing the entire cryptocurrency frenzy losing pace over the course of 2018 we can now disregard some bogus projections
in the realm of millions and give way to rationality.
You are looking at a short term opportunity to go with the trend here just by using a simple trend following position.
Dont jump the gun immediately and go short without a retracement making contact with the plotted trendline.
That would beat the purpose of tactical trading in the first place.
Please note how my stop loss is slightly above previous high and my projected target at a round potentially significant support price.
Trade safe, Trade well.
After seeing the entire cryptocurrency frenzy losing pace over the course of 2018 we can now disregard some bogus projections
in the realm of millions and give way to rationality.
You are looking at a short term opportunity to go with the trend here just by using a simple trend following position.
Dont jump the gun immediately and go short without a retracement making contact with the plotted trendline.
That would beat the purpose of tactical trading in the first place.
Please note how my stop loss is slightly above previous high and my projected target at a round potentially significant support price.
Trade safe, Trade well.
Trade fechado: stop atingido
Trend line was broken violently.Tactical entry invalidated
Thank you
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