Am currently waiting on this next bitcoin long. I thought I share an idea a bit earlier this time.
I know where my setups will happen before hand based on certain conditions so I can pretty much share earlier. Just that I like to post when am entering at times....but planning my trades like this tend to work out better compared to searching for something to trade.
I'll do so in the comment section later on.
The opportunity is roughly 3RR and high probability if get confirmation and a safe stop around $102800 area. Might be able to get a tighter stop. But with that might get wicked out. I'll aim to get a 2.5-3RR if possible with wide enough stop.
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Just entered bitcoin long
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104350 adjusted stop
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Repositioned long
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Waiting on this next potential bitcoin long attempt
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Its rumored that president trump will announce bitcoin strategic reserve today. Am setting a limit long order
limit entry: $102500
stop: $100700 (bybit)
first tp around $110000
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Just went long
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apparently he signed to have a stockpile of bitcoin on reserve but market is moving a bit volatile right now.
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Got stopped out. Volatility high. I just repositioned long with a very wider stop than normal below DL higher low. When market settles a bit will scale in a little and tighten stop to keep my risk the same. The daily HL should be respected if market really wants to go higher.
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Closed #bitcoin long . I think the market is moving too slow for a bullish breakout right now. Am considering opening a short very soon
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