BitcoinUpdated BTC Bullish scenario, how I will not miss out !
Ciao Traders !
following my previous post of the full count, I want to clarify that I can be wrong of course, but doesn't mean I am groin got miss out (hopefully) in case the whole trend is in fact a bullish one and we are just temporary correcting
What I will personally do is:
1- putting few orders between 7200 and 7600, wait for a bounce, sell 25% of the position at 8500/8600 (if we reach there hopefully) and leave the rest to run.
After selling the 25% I will put a stop order at break even at that point, around just before the previous low.. the fact that I sold 25% of the position will allow me to have a break even stop slightly below the average price I bought in the first place
2- In case I get stopped following what indicated above, I will repeat the same strategy in the green box, down to 5000 ish (at the 0786 Fibonacci).
In this case I will again 25% at around 7000$, to ensure that if it hit my stop (which I will set just below the low that will be formed around 4900) I will be again breaking even.
In case continues to move up, I will sell another 20% at 10300 and leave the rest to run (if in fact we are in a bull market).
Worse case scenario I should break even in both cases or face a small loss if the market in fact turn down following my bearish scenario.
Happy trading to all !
Disclaimer:
This is not financial or investment advice
I am not a professional in the financial or investment fields
This analysis is just for entertainment purposes
Do not follow what I do or do it at your own risk
following my previous post of the full count, I want to clarify that I can be wrong of course, but doesn't mean I am groin got miss out (hopefully) in case the whole trend is in fact a bullish one and we are just temporary correcting
What I will personally do is:
1- putting few orders between 7200 and 7600, wait for a bounce, sell 25% of the position at 8500/8600 (if we reach there hopefully) and leave the rest to run.
After selling the 25% I will put a stop order at break even at that point, around just before the previous low.. the fact that I sold 25% of the position will allow me to have a break even stop slightly below the average price I bought in the first place
2- In case I get stopped following what indicated above, I will repeat the same strategy in the green box, down to 5000 ish (at the 0786 Fibonacci).
In this case I will again 25% at around 7000$, to ensure that if it hit my stop (which I will set just below the low that will be formed around 4900) I will be again breaking even.
In case continues to move up, I will sell another 20% at 10300 and leave the rest to run (if in fact we are in a bull market).
Worse case scenario I should break even in both cases or face a small loss if the market in fact turn down following my bearish scenario.
Happy trading to all !
Disclaimer:
This is not financial or investment advice
I am not a professional in the financial or investment fields
This analysis is just for entertainment purposes
Do not follow what I do or do it at your own risk
Note
p.s. my primary count, based on the price action from the 900$ up to 20k and thereafter, is still the bearish one as in the other chart i posted, but, since I always give myself a chance to be wrong, I will try to not miss out in a bullish scenario in the way mentioned in points 1 and 2 above... in any case, should cost me almost nothing trying be a bull :)
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.
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.