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BTCUSD long from the very bottom of the range - RISK ON signs!
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Hi.
I just opened a long on BTCUSD pair because I am seeing some signs of risk-on evironment.
Bitcoin did a beautiful correction to the very bottom of H1/H4 range and produced a small Change of Character (CHoCH) on 5m timeframe.
For me it's worth a risk.
Stop loss up to you, mine is around 65k (this still can get swept before real move).
BE CAUTIOUS OF NEWS TOMORROW (CPI AND INTEREST RATE DECISION), however, as markets are great at predicting the future, and I learned to play the chart, so far this trade is worth a risk in my eyes.
Keeping an eye to start breaking 67.3k+ for more confluence so I might add more.
Stay safe and good luck!
I just opened a long on BTCUSD pair because I am seeing some signs of risk-on evironment.
Bitcoin did a beautiful correction to the very bottom of H1/H4 range and produced a small Change of Character (CHoCH) on 5m timeframe.
For me it's worth a risk.
Stop loss up to you, mine is around 65k (this still can get swept before real move).
BE CAUTIOUS OF NEWS TOMORROW (CPI AND INTEREST RATE DECISION), however, as markets are great at predicting the future, and I learned to play the chart, so far this trade is worth a risk in my eyes.
Keeping an eye to start breaking 67.3k+ for more confluence so I might add more.
Stay safe and good luck!
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