BTCUSD 4HR LONG BUT BARS to fishing stopps out

15 Mar 2019

BTCUSD is on the long track again
as you can see that on the climbing above my blue (well known...)
trendline.

I didnt exspect that as first option, but it has happen.

I am still thinking that BTCUSD is a market where big players
do what they want to fishing up stopps here.

Please check these 3 bars i have marked

Price extensions in 4 Hours of more than:

3.6%

3.8%

4.5%

????

In which other market you are able see those bars ?

I am shure in no future market

Only if you have a market crash like 2008, and i am shure
we havent here at the monent a crash like that. 3 times in raw....

So if you trade this market be aware of these stopp fishing.

So your stopp loss level ( if you have one ) must be

5% away fom the market (minimum)

I dont know how many dollars these 5% stopp loss level is in everyones position
but if you trade bigger positions it can ruin you in a few hours if you are
on the wrong side.

So think about that to save your capital



Don't forget to like if you appreciate it....

------------------------------
My ideas are not a recommendation to buy or sell.
Everyone has to do their own research
--------------------------------