I hate to inform, BTC has been manipulated for days now. It’s not operating under normal behavior. The goods news is based on long term, BTC reads nowhere near a crash below 50k or 40k but as always, No trader and neither can guarantee that.
Trading always comes with risk. When traders start making demands by promising price targets. I would always reconsider their mindset otherwise…
PIPS is my number #1 method to calculate percentage based on price range. Pips can be calculated but it’s a pain once it moves away form it’s trending location but in this idea, I was able to catch on time to read the pips in an easy manner and BTC may hit no lower than 56k but does show to move up based on pips $72,450.
PIPs means percentage in Points (price)
Profit and Loss Calculation: Pips allow you to calculate their potential profit or loss accurately. By knowing your lot, the value of each pip, and the number of pips change, you can determine their financial outcomes.
Risk Management: Pips play a significant role in managing risk. Traders use stop-loss orders, which are placed a certain number of pips away from the entry price, to limit potential losses like this idea.
Trade Analysis: Pips help traders analyse the performance of currency pairs over time. By tracking the number of pips gained or lost in a trade, traders can identify trends, patterns, and potential entry or exit points.
Economic Data Interpretation: Percentage points are essential in interpreting economic data. Changes in interest rates, inflation rates, or other key economic indicators are always expressed in percentage points.