Bitcoin long 4 to 1 risk reward pour BITSTAMP:BTCUSD par bagofXMR

Not my field, but this is a nice spot to long for a 4:1 Risk/Reward trade
I had made a mistake in the previous chart and while i deleted the previous and published the new the price changed. My exact entry can be checked here in twitter

Commentaire:

They owe me obedience, like a Caesar

Commentaire:

A retest of this neckline would justify a move up to 10k

Commentaire:

Inverse head and shoulders just confirmed targeting the same area.

Commentaire:

Time to think about stops in profit. If 8800 ends up failing and there is no bounce we will retest lows, which i dont want to do holding my position. So placing a stop at 8250 for now.

Commentaire:

After being stopped out at 8250 I am a buyer again in the low 6000

Commentaire:

Got some interesting fills down there.

Commentaire:

Buys played out great

Commentaire:

Trying to unload at least half of my position near 8000

Commentaire:

Got those sells below 8000.
Let's see if this ihas plays out

Commentaire:

Inverse head and shoulders played out perfectly.

Now that we are deep in green time to set a stop loss in profits and choose a target.
By now our SL is going to be at 6900
And also by now our take profit is going to be a 10500

Commentaire:

Let's see if this bull flag plays out.

Commentaire:

There is this

And also this

So once (if) we breakout this trendline fomo will kick in

Commentaire:

As suggested here i am expecting a bull trap, at least upto 12k, maybe even higher, before more blood.

I still target 10.5k with the remaining of this long, and i consider it a safe target for now.

Mainstream media is calling bottom, JPM is comparing btc/eth/xrp to regular bank transfers... this is the perfect "return to normal" enviroment. But there are so many people in loss (new buyers since november) that i dont believe we can get rid of them without MOAR panic

Commentaire:

In head and shoulders we trust.
Go, go, go Bitcoin!

Commentaire:

Looking good so far.
Raising that stop loss in profits to 7900.

Trade fermée: cible de profit atteinte:

And this is it. I hope you had fun.
From 6000 to 10500 :)

Commentaire:

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.