julio24albert

Trading set up for bitcoin

Short
BITFINEX:BTCUSD   Bitcoin
Hello fellas, happy weekend to all of you. Once again, our analysis has came true and we can see that in the last few hours the price of bitcoin has going down of more than 3% and it is now testing the current phenomenal support around the golden pocket zone .

If the price can break down of current support, I will open a short position with current set up applied on above chart. Risking for around 4% loss and targeting the huge 14% of going down will produce a perfect risk to reward ratio around 3.62 . This RR is pretty acceptable with high probability set up.


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