As an Investor/Swing Trader, When to Buy Bitcoin?
Updated
First & Foremost this is Based on monthly timeframe please do not follow this for Bitmex or Any other leverage trading, This should only concern the INVESTOR or A swing trader who is looking to Buy Low & Sell High.
Trade the market in front of you, not the one you want!!!
– Scott Redler
Whether you like it or not you are reading this means you are very much interested in this CRAZY IDEA, lot's of people say I am nuts to say Bitcoin will go to 3k levels again, well maybe I am or I am more than confident enough with my charts. whether you like it or not you need to accept the fact that monthly candle we are building right now is extremely bearish. (Candle not yet closed will comment once done if anything changes)
So for the long-time trader/investor who likes to do swing trade, Best R:r trade for bitcoin I can give you is this one. on 9th of September, I tethered out & I am more than happy with my actions. now I will start scaling in Bitcoin once again at 75% cheaper!!
Here's the trade for anyone interested
Buy - 5000 - 2800 (use only 10% of folio)
Start scaling in from 5,000$ with 1% - 2% - 3% - 4% of overall folio
Targets - 7761 - 10034 - 12307 - 15543 - 19666 - 27640 (New All Time High)
Stop Loss - well frankly you don't need one lol but still if u want 281$
This is the reason why I suggest using only 10% for this trade, Invest only what you can lose!!
Trade the market in front of you, not the one you want!!!
– Scott Redler
Whether you like it or not you are reading this means you are very much interested in this CRAZY IDEA, lot's of people say I am nuts to say Bitcoin will go to 3k levels again, well maybe I am or I am more than confident enough with my charts. whether you like it or not you need to accept the fact that monthly candle we are building right now is extremely bearish. (Candle not yet closed will comment once done if anything changes)
So for the long-time trader/investor who likes to do swing trade, Best R:r trade for bitcoin I can give you is this one. on 9th of September, I tethered out & I am more than happy with my actions. now I will start scaling in Bitcoin once again at 75% cheaper!!
Here's the trade for anyone interested
Buy - 5000 - 2800 (use only 10% of folio)
Start scaling in from 5,000$ with 1% - 2% - 3% - 4% of overall folio
Targets - 7761 - 10034 - 12307 - 15543 - 19666 - 27640 (New All Time High)
Stop Loss - well frankly you don't need one lol but still if u want 281$
This is the reason why I suggest using only 10% for this trade, Invest only what you can lose!!
Note
Another possibility I am looking at currently, As a trader, you need to trade what market gives you, So far I will be Bearish until & unless we have a firm daily close above 9200-9400 range.
Note
Still think i am nuts?! Fucking told you so!!!!
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