This is my idea on how I will be interested to enter BTC/USD on a long position
I'm only risking 5% on my stop loss, please trade carefully and understand this is a market that will take everything if you let it.
Honor the Stoploss and risk what you are willing to put at risk.
I've studied many markets that had similar situations as BTC/USD is at and this is what would make me interested.
Without the confirmation move the idea is invalid, if we reach the confirmation level the the I'll buy as stated on the chart.
Good luck :)
The moon is at 12k not 1 million.
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Guys I have to say this. Do not enter the market without a setup and a Stop loss which risks small %. FOMO destroyed many accounts. No matter what have discipline and make an entry plan. Wait for the setup to show itself.
The chart shows an initial move in the direction I anticipated, now we need to see it above 7000 and drop to below 6500 for us to have better chances. For now just watch because we are still not out of the bear market.
Of course this is not a for daily traders, its a long term hold and trade. Be patient and you will profit.
I personally never risk more than 5% With time you will find out you create your own luck.
btc hasnt broken the log resistance yet and is in 3 drives setup until it does
Kakashe
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@jamesasb, At the moment its not a buy, if you look at the idea the price has to reach slightly above 7000 then break below and creating and opportunity, if that happens I'm in, if it breaks below last low as stated the idea is invalid. Thanks for your input