In the last two days, BTC has been moving in a favorable direction for my long. Short term, I could see BTC possibly turning around and retest the $18.2k-18.1k zone. Day traders can potentially enter a short here at $18.55k with a stop-loss above @18.647k (Coinbase). However, I personally won't take it, but instead just sit on my hand and chill, since scalping does not work well for me. On the higher time frame, I am still confident in my swing long, although I am not sure when my target will be tapped.
As previously disclosed, my setup for BTC swing long was as follows:
Size: 20% of total capital
Price: ~$18000
Stop-loss: $16100
(Risk: ~2.1%)
Target 1: $21400
Target 2: $24600
As previously disclosed, my setup for BTC swing long was as follows:
Size: 20% of total capital
Price: ~$18000
Stop-loss: $16100
(Risk: ~2.1%)
Target 1: $21400
Target 2: $24600
