meszaros

BTCUSD remained in the long position.

Long
BITSTAMP:BTCUSD   Bitcoin
BTCUSD remained in the long position. I was not forced to quit or reduce my risk. So I stayed in a long position. The analysis shows that bitcoin has turned north from the lower level of the D1ATR. Here again I mention an important rule. I usually work with two target prices. The rule is as follows. 1. If the exchange rate moves north from the lower level of the D1ATR, it means that the next trend is starting weak. In this case, I choose the closest target price. In this case, the level of 10905usd. I'm doing more dynamic risk management at this level, so I'll go down to M15ATR risk reduction. I do it because the high-light color can stop here. I make a profit. If the exchange rate turns north at 50% on the D1ATR, this is a strong trend start. Therefore, in this case, I am assuming that the exchange rate will continue to move closer to the target price of 10905usd. In these cases, I do looser risk management. For example, I choose H1ATR stop distances. In this case, I assume that the exchange rate will move further towards the target price and move towards a more distant target price.

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