BitcoinShort
Trend Following: A Case For BTCUSD
Updated
Hello Traders
After seeing the entire cryptocurrency frenzy losing pace over the course of 2018 we can now disregard some bogus projections
in the realm of millions and give way to rationality.
You are looking at a short term opportunity to go with the trend here just by using a simple trend following position.
Dont jump the gun immediately and go short without a retracement making contact with the plotted trendline.
That would beat the purpose of tactical trading in the first place.
Please note how my stop loss is slightly above previous high and my projected target at a round potentially significant support price.
Trade safe, Trade well.
After seeing the entire cryptocurrency frenzy losing pace over the course of 2018 we can now disregard some bogus projections
in the realm of millions and give way to rationality.
You are looking at a short term opportunity to go with the trend here just by using a simple trend following position.
Dont jump the gun immediately and go short without a retracement making contact with the plotted trendline.
That would beat the purpose of tactical trading in the first place.
Please note how my stop loss is slightly above previous high and my projected target at a round potentially significant support price.
Trade safe, Trade well.
Trade closed: stop reached
Trend line was broken violently.Tactical entry invalidated
Thank you
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.