BTC ready for continuation of UP move with a reward ratio of 5

May 20

RSI Profile shows a positive trend for BTCUSD and and risk reward ration is above 5. Also a Bullish triangle pattern seems to reach near complete on BTC Chart. Price is above RSI Point of Control, hence a small SL below POC and target is near the Value area High.

Entry near 105600

Target near 108940
Sl near 104995

RR : 5.16


PS : Above is only for Educational purpose and does not constitute any financial advice. Do your Own Research.

May 21

Trade active

POC zone has moved up to 106365 to 106777 hence we update our trail Sl to 106295 to lock atleast some profits if the position starts to reverse. Current Indication is to stay in long position.

Link to the indicator used in idea is -

May 21

Note

Trade already reached above 3 RR can book partial profit

May 21

Trade closed: target reached

The trade reached the target it reached a high of 109874 way past our profit target.