BitcoinLong
BTC Trade Ideas
Hopefully, BTC will retrace in the current move to give us some more opportunities for great entries before the jump into the 60s.
Based on Fibonacci I am looking for a retracement to the 38.2% and hopefully to the 50% zone. The entry in the 50% zone is based more on structure than fibs but it helps that it is inside the 50% zone. May be a wick entry. Let's see.
Use proper position sizing. I have a .01 position just to let me know the entry has activated, then I will add on if price starts moving me into profit. TPs are far away from entry and these will be swing trades more than likely. But BTC can rise up thousands in a day too. Be Prepared.
Based on Fibonacci I am looking for a retracement to the 38.2% and hopefully to the 50% zone. The entry in the 50% zone is based more on structure than fibs but it helps that it is inside the 50% zone. May be a wick entry. Let's see.
Use proper position sizing. I have a .01 position just to let me know the entry has activated, then I will add on if price starts moving me into profit. TPs are far away from entry and these will be swing trades more than likely. But BTC can rise up thousands in a day too. Be Prepared.
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