BTC/USD Consolidation Phase Sideways Movement
Updated
Let's take profit from the sideways market.
As we can see here BTC/USD is moving in a sideways pattern and has retraced from the last bottom 8900ish, I believe BTC/USD will soon retest the last TOP 9250ish area, the setup I made for the call with risk of 1:2 as we long from the price 9090ish and target 9250ish and SL on 9000ish, for those who are optimist on BTC/USD the SL could also be a re-entry zone if you want to compound your trade volume and I suggest for those who are compounding on 9000ish to set SL around 8800ish area.
I suggest this alternative plan for Conservative trader: E:9090 TP1:9160(60%) TP2: 9250 (40%) SL:9000 (If you follow this setup the risk are 1:1).
As we can see here BTC/USD is moving in a sideways pattern and has retraced from the last bottom 8900ish, I believe BTC/USD will soon retest the last TOP 9250ish area, the setup I made for the call with risk of 1:2 as we long from the price 9090ish and target 9250ish and SL on 9000ish, for those who are optimist on BTC/USD the SL could also be a re-entry zone if you want to compound your trade volume and I suggest for those who are compounding on 9000ish to set SL around 8800ish area.
I suggest this alternative plan for Conservative trader: E:9090 TP1:9160(60%) TP2: 9250 (40%) SL:9000 (If you follow this setup the risk are 1:1).
Trade closed: stop reached
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