BTC (Y20.P5.E18).How to play this range
Hi,
In the previous post, I stated to buy in at the bounce area, the price was then 17745 which i did for a good opportunity.
Now I have sold that lot and looking to short this to the lower price around 17200'ish.
The risk , we can potentially close above the previous high on the 4 hrly but the risk ration is with the gains of the short.
While I'm typing this, I can see price dropping so hopefully its not too late.
If we have the 4 hrly close above 18500 to 18600, then initiate your stop loss for the short as we are likely to hit 19200'ish and potentially that ascending triangle conslolidation.
I will using the 2 hrly to gage the candle sticks and stochastic indicator.
All the best,
S.SAri
For now, going with the trend with the 4 hrly.
In the previous post, I stated to buy in at the bounce area, the price was then 17745 which i did for a good opportunity.
Now I have sold that lot and looking to short this to the lower price around 17200'ish.
The risk , we can potentially close above the previous high on the 4 hrly but the risk ration is with the gains of the short.
While I'm typing this, I can see price dropping so hopefully its not too late.
If we have the 4 hrly close above 18500 to 18600, then initiate your stop loss for the short as we are likely to hit 19200'ish and potentially that ascending triangle conslolidation.
I will using the 2 hrly to gage the candle sticks and stochastic indicator.
All the best,
S.SAri
For now, going with the trend with the 4 hrly.
Commentaire:
RSI to watch..the clue
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Commentaire:
b.chart
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This community has signals now but with no risk management comms.
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This community has signals now but with no risk management comms.
