#btc #bitcoin #btcusd
Since posting this chart some hours ago we had a few DMs asking would we take a buy short term trade here here on Bitcoin.
Well as we mentioned earlier we wouldn't be interested until BTC was above our key level above 20k.
Anyhow with a gun to our head as a very short term idea with risk managed one could enter at market looking for 4:1 reward to risk and still be within the current BTCUSD liquidity range.
But like we always say in our lessons we rather be in late but with a smaller stop loss in any trade and so we only see that senario playing out for us once BTCUSDT is above 20k again.
Have a great day all!
We will continue to share our trade and chart ideas on this FREE platform if we see the interaction from the community, so PLEASE SUBSCRIBE TO SEEKINGPIPS HERE ON THIS PLATFORM.
Since posting this chart some hours ago we had a few DMs asking would we take a buy short term trade here here on Bitcoin.
Well as we mentioned earlier we wouldn't be interested until BTC was above our key level above 20k.
Anyhow with a gun to our head as a very short term idea with risk managed one could enter at market looking for 4:1 reward to risk and still be within the current BTCUSD liquidity range.
But like we always say in our lessons we rather be in late but with a smaller stop loss in any trade and so we only see that senario playing out for us once BTCUSDT is above 20k again.
Have a great day all!
We will continue to share our trade and chart ideas on this FREE platform if we see the interaction from the community, so PLEASE SUBSCRIBE TO SEEKINGPIPS HERE ON THIS PLATFORM.
When you know what you are looking for its never a GAMBLE just calculated RISK, our objective is to only take trades and share ideas that are proven via our many years of REAL market experience & tens of thousands of hours of STATISTICALLY PROVEN EDGES in the Financial markets.
This one trade idea on BTC is just a small example of the many hours of work that we put into discovering and validating CURRENT EDGES in the Bitcoin market.
To those who messages us asking SeekingPips about a LONG trade idea on BTCUSD we hope you were able to benefit from this chart analysis.
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