BitcoinLong
BTCUSD - Local Fib Long
Updated
Premise:
1. The local hourly SRSI will be bottomed (unclear if a bulldiv will be formed, this is an early plan)
2. The retrace will happen in less than one day (in order to close the daily possible bullish divergence)
Execution:
1. Long scale 1:2:3:4 from 6424 to 6405, 1x leverage
2. Stop Loss at 6393
3. Target 1 : 6480
4. Target 2 : 6560
Result:
1. A 2.75-6.83:1 Reward:Risk trade achieved
1. The local hourly SRSI will be bottomed (unclear if a bulldiv will be formed, this is an early plan)
2. The retrace will happen in less than one day (in order to close the daily possible bullish divergence)
Execution:
1. Long scale 1:2:3:4 from 6424 to 6405, 1x leverage
2. Stop Loss at 6393
3. Target 1 : 6480
4. Target 2 : 6560
Result:
1. A 2.75-6.83:1 Reward:Risk trade achieved
Trade closed: target reached
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