Bitcoin, solid long opportunity here from $5150 to $5800 area
Classic wave 4 triangle in the making.
Volume of wave 3 was awesome.
Good thing with this play is that all you have to do is set your stop loss at the bottom of the C wave of the triangle (roughly 4900$ or slightly lower to be safe).
Risking 150ish for a $650-700$ gain.
If the stop loss is triggered, we know that this was a correction, not a 5 wave impulse, so going short is easy as cake.
Gravy play and basically free money either way.
My general trading advice:
-Don't risk more than 10% of your capital in one trade.
-ALWAYS set a stop loss below support- leave room for hunting wicks of course.
-leave emotion at the door because there will always be another trade just around the corner in this wonderfully volatile market.
-the most important thing you can do as a trader is to protect your capital. Losing a little bit and getting stopped out of a trade is the same as winning- if just one of those stops wasn't hit and price kept falling you'd go broke very, very quickly.
Volume of wave 3 was awesome.
Good thing with this play is that all you have to do is set your stop loss at the bottom of the C wave of the triangle (roughly 4900$ or slightly lower to be safe).
Risking 150ish for a $650-700$ gain.
If the stop loss is triggered, we know that this was a correction, not a 5 wave impulse, so going short is easy as cake.
Gravy play and basically free money either way.
My general trading advice:
-Don't risk more than 10% of your capital in one trade.
-ALWAYS set a stop loss below support- leave room for hunting wicks of course.
-leave emotion at the door because there will always be another trade just around the corner in this wonderfully volatile market.
-the most important thing you can do as a trader is to protect your capital. Losing a little bit and getting stopped out of a trade is the same as winning- if just one of those stops wasn't hit and price kept falling you'd go broke very, very quickly.
Trade fermée: cible de profit atteinte
Target reached and still going.Check my updated chart for the new count.
Was basically 100% spot on.
Who says Technical analysis doesn't work? Broke mofos that's who.
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.
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.