Cutting losses is an art, and a losing trader is an artist.
Closing a losing position is an important skill in risk management. When you are in a losing trade, you need to know when to get out and accept the loss. In theory, cutting losses and keeping your losses small is a simple concept, but in practice, it is an art. Here are ten things you need to consider...
A new CME gap has formed around $67,630. Currently, there are two nearby gaps at $67,630 and $63,550.
It's worth noting that approximately 90% of CME gaps tend to be filled sooner or later, whether it's within a week or a month. Keep this in mind.
Regarding BTC, I anticipate it will touch the upper trendline of this symmetrical triangle or even surpass it, but...
I have opened long positions at 60k, 61k, 62k, and 63k. Now, I expect a slight dip to fill the CME gap. I am closing 50% of my position to book some profit and will add more if the price comes down. The prices I am looking to add long positions at are 64411 and 63501.
There is no new CME gap formed between 64405 and 64495; it will fill sooner or later.
Old Short-Trade Update and Long-Term Plan:
The CME Gap is anticipated to be filled at 64,210. I have closed 80% of my short position at 65,551 and am now planning to initiate buying orders. Key levels to monitor include 64,210, 63,411, and 61,051. As for the stop-loss, it remains undetermined at this stage, and I will provide updates upon closing my positions....
I was shorting BTC from 70k. You can check my previous posts. Now, we might see a change in trend.
The CME Gap will be filled at 64210, where I plan to close 80% of the short position and initiate buying orders. The levels to watch include 64210, 63411, and 61051. As for the stop-loss, it's undetermined at this stage, and I'll provide updates upon closing my...
Biotcoin Target as per Elliot waves. It's just a projection. further targets and retracements levels we have to wait and see the moves.
If this monthly closing is above the previous high then the targets mentioned in the chart are confirmed.
We don't predict the market but based on the retreat and levels that targets are confirmed.
let's go with the flow
Bitcoin currently breakout near but today news in market sp drag so next support level is 45000 to 43300 .both level is strong support zone so expected fall near support.so after fall is market again cross 45000k is good to next high chasing to 52000 & ATH 69145.... bullish...after free fall
The gap price of Bitcoin futures is between 40325 and 39640, waiting for the gap to be filled. According to market rules, this gap will be 100% filled.
30500 gap down finished waiting for 20k gap up , when btc reaches 20k that is the best time , mostly 20k will likely see in nov 3 week let's go for black Friday sale 🎉
BTC CME futures chart is showing unfilled gaps around $35995 and $20335 that have not been filled yet. The price action is moving in a descending triangle.
A successful breakout of the descending triangle is the confirmation of first filling the gap of $35995 and a breakdown retest of the descending triangle is the sign of first filling the gap of...
