Even if I stay in the medium-term short position at Bitcoin (on related ideas ), a long position on the daily chart contains a good risk / reward ratio. It is observed that there is money entry in the market. The 20-day average of volume has risen as the price decreases, which may indicate that traders are collecting at low prices. Of course we can't predict the time, but I think it's a good move to stay in the game. To further explain the risk of this position, my parameters:
POSITION SIZE : %1 RISK/REWARD RATIO : 1/3 STOP-LOSS : 6893.6 GOAL : 8361.4
Trade active
Positive Divergence : Those who wish to further stretch the stop-loss level. Or you can manually close their positions at a close below the stop level.
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.