STRAT BTC ENTRY Reward to Risk 3:1

Dec 7, 2017

If the top of the descending triangle is broken it will be a very bullish sign and I expect we will quickly run up to the recent swing high of about 0.00075 BTC.

This will be the zone of take profit 1, where I'll cash out 50% of my initial trade and adjust my stop-loss up to my entry point.

Final Target is the 1.618 Fib extension.

Note: The downward sloping upper side of the triangle must be broken for this theory to be valid.

Trade responsibly; don't forget your stop-losses!

Dec 7, 2017

Note

Also not the entry point will move down with the slope if it takes longer to break out. This makes the risk increasingly smaller over time, and the reward increasingly larger over time.

Dec 7, 2017

Note

*note

Dec 7, 2017

Order cancelled

Broke the bottom of the triangle. Setup invalidated.