Bitcoin: BTCUSD Nice impulse wave for day traders to play with
Bitcoin Update Let the Force be with You
The little parallel guiding this wave is working well on the
upside, but not on the downside, so far. Still looking to get
long off any touch to the lower parallel with a stop 50 lower
and if this gets taken it means a retest of 6980-6890 range is
likely underway. Good, ironically. It means risk /reward ratios
are even better again with about 700 points upside from here
and carry about 140 points of risk with an entry around 6980 if
seen and a stop below 6890 by 50 points.
The little parallel guiding this wave is working well on the
upside, but not on the downside, so far. Still looking to get
long off any touch to the lower parallel with a stop 50 lower
and if this gets taken it means a retest of 6980-6890 range is
likely underway. Good, ironically. It means risk /reward ratios
are even better again with about 700 points upside from here
and carry about 140 points of risk with an entry around 6980 if
seen and a stop below 6890 by 50 points.
Trade attivo:
finally after a long wait if not long from lower, we may see that test of the lower paarrllel...buy here or as close as possible, with stop under 7050 for now
Trade attivo:
So now raise the stop to close under entry at 7090 - if it falls out of the parallel we should get a bettter chance from lower...kind of risky because the stop could get hit and we break even, but don't want be wrong side of this if it falls out of the channel.