(More) Bitcoin Trend Continuation
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As crazy as it seems, recent price action suggests that the bulls aren't finished yet.
It's pretty typical for us to consolidate for a few bars after a big candle like this, so I'm scaling in my long over the next few hours.
The risk on this trade is definitely higher than the previous one. We're much further from support making a drop more likely, and meaning stop-loss has to be set further away from entry. So I will be trading a smaller position than usual to offset these risks.
As before, there's plenty of technical reasons to be bearish, but I'm choosing to trust price action over indicators.
It's pretty typical for us to consolidate for a few bars after a big candle like this, so I'm scaling in my long over the next few hours.
The risk on this trade is definitely higher than the previous one. We're much further from support making a drop more likely, and meaning stop-loss has to be set further away from entry. So I will be trading a smaller position than usual to offset these risks.
As before, there's plenty of technical reasons to be bearish, but I'm choosing to trust price action over indicators.
Ghi chú
Stoploss moved up into profit at 4200 (beneath latest doji)Đóng lệnh: dừng lỗ
Trade stopped out in profit.
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