Bitcoin Analysis Swing Trade BTC/USD Coinbase BUY
Here is my take with BTC/USD:
I'm going long on this one because it follows my 3:1 Risk/Reward Ratio. I don't user smaller time frames in crypto due to being a new market so I will only operate with Weekly/Daily/8hour sometimes 4/6hr charts. My ideal buy entry will be if price comes down to 3720/3680 zone (founded in the 8hr charts) so I can start executing my longer term longs. I currently open a small long position at its current price 3950 with a Stop 3825and target 1/2/3 4495, 4950 and 5375 respectively.
I'm going long on this one because it follows my 3:1 Risk/Reward Ratio. I don't user smaller time frames in crypto due to being a new market so I will only operate with Weekly/Daily/8hour sometimes 4/6hr charts. My ideal buy entry will be if price comes down to 3720/3680 zone (founded in the 8hr charts) so I can start executing my longer term longs. I currently open a small long position at its current price 3950 with a Stop 3825and target 1/2/3 4495, 4950 and 5375 respectively.
Trade active
Trade closed: target reached
enjoy the profits
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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.
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.