BitcoinLong
BTCUSD: Bullish TK-Cross
This is another textbook Edge-to-edge (E2E) setup.
With an entry at the current price, the long target is about 25% (30'000 USD), for a stop-loss that should be set at a candle close below -14% (21'000). This makes the risks/reward ratio quite interesting!
Let's recall that E2E aren't as statistically consistent as say a kumo breakout (green cloud, bullish tk-cross, lagging span over price, price above cloud). Hence, set your capital allocation accordingly.
On the fundamental side I don't have a lot. Except that with all that has been going on the last two years, what could go worse now!? ;)
Happy trading!
* This is not financial advice, always do your own research *
With an entry at the current price, the long target is about 25% (30'000 USD), for a stop-loss that should be set at a candle close below -14% (21'000). This makes the risks/reward ratio quite interesting!
Let's recall that E2E aren't as statistically consistent as say a kumo breakout (green cloud, bullish tk-cross, lagging span over price, price above cloud). Hence, set your capital allocation accordingly.
On the fundamental side I don't have a lot. Except that with all that has been going on the last two years, what could go worse now!? ;)
Happy trading!
* This is not financial advice, always do your own research *
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