The path of bitcoin is almost to clean to be accurate.
From the $3.3k it moved up in 5 waves and then retraced to just beyond 61.8%.
Now it has broken out of the retracement channel and it seems to have started with it’s next momentum wave which will be even wilder than the move from $3.3k to $14k.
My first target for this move is around $23k (1.618 multiple of the first 5 waves up momentum move).
Yet, this can also be a wave within an continous retracement (wave b). So still apply risk management:
- stoploss if the price returns into the declining channel.
- position sizing, btc position max 2% of trading account.
Result: Trading without sleepless nights.
From the $3.3k it moved up in 5 waves and then retraced to just beyond 61.8%.
Now it has broken out of the retracement channel and it seems to have started with it’s next momentum wave which will be even wilder than the move from $3.3k to $14k.
My first target for this move is around $23k (1.618 multiple of the first 5 waves up momentum move).
Yet, this can also be a wave within an continous retracement (wave b). So still apply risk management:
- stoploss if the price returns into the declining channel.
- position sizing, btc position max 2% of trading account.
Result: Trading without sleepless nights.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.