Control the risk
Updated
Morning folks,
So, our H&S is done well, and already has reached the minimal target. Now the major question whether it will go to 74.3$, a kind of "bonus" upside target. Maybe..
But, today we would think about protection and risk control, rather than about some bargain. On daily chart we've got bearish grabber that is taking the shape of '222" Sell here, on 1H chart. We're coming to PCE report and long Easter Holidays. BTC could go higher, but today we would focus on risk control instead.
Think about some risk management of long position - booking totally or partially, stop tightening etc.
Bears by the way, could think about short entry. Chances on success are low, but potential money risk is small as well. If you succeed, result will be 10K+ per coin. It worthy at least to think about it...
Let's mark this report as "bearish"due described issues.
So, our H&S is done well, and already has reached the minimal target. Now the major question whether it will go to 74.3$, a kind of "bonus" upside target. Maybe..
But, today we would think about protection and risk control, rather than about some bargain. On daily chart we've got bearish grabber that is taking the shape of '222" Sell here, on 1H chart. We're coming to PCE report and long Easter Holidays. BTC could go higher, but today we would focus on risk control instead.
Think about some risk management of long position - booking totally or partially, stop tightening etc.
Bears by the way, could think about short entry. Chances on success are low, but potential money risk is small as well. If you succeed, result will be 10K+ per coin. It worthy at least to think about it...
Let's mark this report as "bearish"due described issues.
Note
Today massive options expiration day. Volatility probably will raise despite the Holidays. Take care...
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.