BTCUSD Now What?
BTC has had a phenomenal run! Is it over in the short term and heading lower? No one knows, but we can manage risk.
1. It has broken a 6-month trade line.
2. Price remains solid above the quarterly trend.
3. it's "Up too high" "it's not a coin" is not analysis, It's vague hunches and feelings which are worthless.
4. A mini completed 3 wave structure bull flag has formed.
5. BTC like many other markets are suffering from chop since Feb 26
6. BTC is in a long-term wave 3 up as we speak.
From a risk-reward standpoint reducing or selling out at $55,000 and getting involved or adding on a breakout of the bull flag
is the best risk-reward play in my view. There is no need to be a hero if you are a BTC Perma bull and just hold. Yes, the bias
is to the upside "the trend is your friend" "money printing" blah blah but you can be smart about it and manage risk.
If it breaks out you miss out 5% gains
If it drops to the low 40s you avoid a 25% drawdown.
If this is the top well you are not sitting looking at the chart like deer in headlights smoking the hopium crackpipe!
1. It has broken a 6-month trade line.
2. Price remains solid above the quarterly trend.
3. it's "Up too high" "it's not a coin" is not analysis, It's vague hunches and feelings which are worthless.
4. A mini completed 3 wave structure bull flag has formed.
5. BTC like many other markets are suffering from chop since Feb 26
6. BTC is in a long-term wave 3 up as we speak.
From a risk-reward standpoint reducing or selling out at $55,000 and getting involved or adding on a breakout of the bull flag
is the best risk-reward play in my view. There is no need to be a hero if you are a BTC Perma bull and just hold. Yes, the bias
is to the upside "the trend is your friend" "money printing" blah blah but you can be smart about it and manage risk.
If it breaks out you miss out 5% gains
If it drops to the low 40s you avoid a 25% drawdown.
If this is the top well you are not sitting looking at the chart like deer in headlights smoking the hopium crackpipe!
Catatan
BTC looking good for the breakout!Catatan
BTC breaking out as expected.Catatan
Rolling on along!
Real Macro Economic Investing
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patreon.com/Realmacro
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Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.