My idea is that BTCUSD, without any major fundamental changes, will continue further down after it's recent retracement. My initial target is the low's of August 2017. Longer time frame(s) have been glanced at and an appropriate risk/reward ratio has been set. The 1W timeframe shows the initial target roaming around the 200SMA.
Trade active
SL moved to 38.2 Fib level.Trade active
SL should have been set a little lower. SL moved again @ 23.6 Fib levelTrade active
SL should have remained at barrier 38.2 Fib level to remain open. Stop loss achieved - I will keep this open until the idea itself becomes invalid.Note
Remaining valid. Should hit target within timeframe. SL needs to be worked on obviously.
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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.