The scenario that presents itself now is buying with a view of selling at the top of a potential range, due to the break of the BTC .
BTC price has rebounded with also off lows. The overall was technically broken ( above) so buying with careful money management and good stop losses can occur now. Depending on your risk strategy one could buy right now, or wait for the 10 and 20 day moving averages to cross in a direction (up) for a buy signal. Also if a break of the resistance (red line) at 13000 occurs, this could lead to a further buy signal.
My stop loss areas of interest are 11000 and 9000. My profit taking area is 17000. Longer term, when the profit taking area comes into focus I will re-evaluate based also on fundamentals. The fundamentals of bitcoin are improving. Average confirmation had a major spike but has returned to lower levels and the unconfirmed transactions continue to decline (<100 000). This shows a shift from selling to buying again. Coupled with the technical supports, lows may have formed and price may start heading up again.
-I was wondering : if you have time, since you have the "Pro" label, can you explain the process of calculating the profit. The are websites and formulas to calculate, but I'm missing the process. I did search quit a bit, but it's still a big blur. For an example, if you buy Bitcoin at 10600 and you sell it at 13000, what is the % of profit ? when you buy just a portion of a Bitcoin, what do you do?
-If it's a currency with decimals, is it the same way to calculate.
If you can't explain, no problemo.