BitcoinLong
Bitcoin triple bottom
Hello
There could be a triple bottom on BTC. Do these work? What is the risk to reward?
Unfortunately there are not that many examples, nothing very statistically significant:
So the previous one becomes:
If you lose, you lose really fast.
And that's all I have. Not triple B's before that.
You could find more examples on lower timeframes.
You could look at the price when (and if) it drops back to 18000 then wait for it to stop dropping (or start going up, or put an entry much lower unless it bottoms).
I don't know, doesn't seem that interesting. Target would be at least 30,000. What would RR be? 3-4? And "regular" brokers are closed the weekend...
Interesting to see what happens but this is not a lifetime trade.
There could be a triple bottom on BTC. Do these work? What is the risk to reward?
Unfortunately there are not that many examples, nothing very statistically significant:
So the previous one becomes:
If you lose, you lose really fast.
And that's all I have. Not triple B's before that.
You could find more examples on lower timeframes.
You could look at the price when (and if) it drops back to 18000 then wait for it to stop dropping (or start going up, or put an entry much lower unless it bottoms).
I don't know, doesn't seem that interesting. Target would be at least 30,000. What would RR be? 3-4? And "regular" brokers are closed the weekend...
Interesting to see what happens but this is not a lifetime trade.
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