BTC is working a small cup and handle pattern with today marking a potential pivot point higher (green bar). Overall the pattern is constructive with volume drying up while BTC consolidated the last couple of days.
9750 clears the handle highs and puts the next resistance level of 10800-11350 into play.
Position sizing puts the initial stop near 8350. A 1% risk model lets you allocate 7.5% of your capital.
Best of luck!
*All ideas are for informational purposes only. They are never recommendations to buy or sell.*
9750 clears the handle highs and puts the next resistance level of 10800-11350 into play.
Position sizing puts the initial stop near 8350. A 1% risk model lets you allocate 7.5% of your capital.
Best of luck!
*All ideas are for informational purposes only. They are never recommendations to buy or sell.*