*** Hunting the stop losses at 11K ***
Look at how BTC did in 2018 from 20K to 3.2K. Very similar to what is happening right now. First it crashed to $6,200, consolidated for a while, then crashed again to $3,200.
Today, BTC also crashes from $13,000 to $9,700, consolidates for a while, then crashes to $7,700.
Let's take a look back how BTC bottomed at $3,200. We had the 9th candle... a signal to buy. BTC closed above the 21 daily EMA with full body, consolidated for few days, then popped up.
What we have today? Same pattern.
So, I guess we are going to watch sideway for few days, then when it pops, it will send us straight to 11k-12k.
My setup
Long position: $8,500
Profit: $11,500
Risk ratio: 2
Stop loss: 7,200
Protect your money. Good luck!
Look at how BTC did in 2018 from 20K to 3.2K. Very similar to what is happening right now. First it crashed to $6,200, consolidated for a while, then crashed again to $3,200.
Today, BTC also crashes from $13,000 to $9,700, consolidates for a while, then crashes to $7,700.
Let's take a look back how BTC bottomed at $3,200. We had the 9th candle... a signal to buy. BTC closed above the 21 daily EMA with full body, consolidated for few days, then popped up.
What we have today? Same pattern.
So, I guess we are going to watch sideway for few days, then when it pops, it will send us straight to 11k-12k.
My setup
Long position: $8,500
Profit: $11,500
Risk ratio: 2
Stop loss: 7,200
Protect your money. Good luck!
Note
Note
Same patternNote
It's coming. Buckle up.youtube.com/watch?v=Yaxq3iggMdM
Trade active
Moon moonNote
Keep our eyes on RSI.
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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.