BitcoinLong
BTC: Edge-to-Edge on the Daily
TECHNICAL
Unless a new local low is set, a bullish TK-Cross is due to happen within the next 5 days.
Together with a flat Kumo (Cloud) this setup resembles a perfect Edge-to-Edge opportunity.
Entry: Candle closes in the cloud
Target: Upper edge of cloud (~51k, or 17% from actual price)
Stop-loss: Candle closes under the lower edge of Cloud (-6%, but beware that the exit signal only truly validates once the candle has been closed. Meaning that you can lose much more than 6% on your trade if you do not set an automatic stop-loss.
I'm in on this trade. Small capital allocation as E2E trades don't have as high of a success rate and the TK-Cross hasn't happened yet.
FUNDAMENTAL
The war in Ukraine somehow has a play in this. Besides the fear factor due the breakout of the war and a possible alternative store of value in BTC, I don't see which.
Unless a new local low is set, a bullish TK-Cross is due to happen within the next 5 days.
Together with a flat Kumo (Cloud) this setup resembles a perfect Edge-to-Edge opportunity.
Entry: Candle closes in the cloud
Target: Upper edge of cloud (~51k, or 17% from actual price)
Stop-loss: Candle closes under the lower edge of Cloud (-6%, but beware that the exit signal only truly validates once the candle has been closed. Meaning that you can lose much more than 6% on your trade if you do not set an automatic stop-loss.
I'm in on this trade. Small capital allocation as E2E trades don't have as high of a success rate and the TK-Cross hasn't happened yet.
FUNDAMENTAL
The war in Ukraine somehow has a play in this. Besides the fear factor due the breakout of the war and a possible alternative store of value in BTC, I don't see which.
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