UnknownUnicorn18117313

3:1 trade on BTC - Bird Trading

Long
COINBASE:BTCUSD   Bitcoin
As you can see from the chart, the mighty bird has reversed the trend with its power. The handy fib channel tool shows the pre planned swings and as of now, it looks as if the price will rise once more. Thank you bird, for showing us the way. Anyways, the RSI is a significant indicator for BTC and works almost like a predictor. When the RSI crosses over the MA, that means that is substantial upwards or downwards momentum that cannot be ignored. This conveniently sets up a nice safe trade (Don't trust me on this, I'm intentionally not trading because I am well aware that my trading ability is not yet up to standards) with a 3:1 risk to reward ratio. Hope, my friends, is not a strategy. Happy trading.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.