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STRAT BTC ENTRY Reward to Risk 3:1
If the top of the descending triangle is broken it will be a very bullish sign and I expect we will quickly run up to the recent swing high of about 0.00075 BTC.
This will be the zone of take profit 1, where I'll cash out 50% of my initial trade and adjust my stop-loss up to my entry point.
Final Target is the 1.618 Fib extension.
Note: The downward sloping upper side of the triangle must be broken for this theory to be valid.
Trade responsibly; don't forget your stop-losses!
This will be the zone of take profit 1, where I'll cash out 50% of my initial trade and adjust my stop-loss up to my entry point.
Final Target is the 1.618 Fib extension.
Note: The downward sloping upper side of the triangle must be broken for this theory to be valid.
Trade responsibly; don't forget your stop-losses!
Nota
Also not the entry point will move down with the slope if it takes longer to break out. This makes the risk increasingly smaller over time, and the reward increasingly larger over time.Nota
*noteOrdem cancelada
Broke the bottom of the triangle. Setup invalidated.
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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.