Bitcoin Prediction(Swing Trade)14 won of 15 in 2019(Oct-Dec)
Happy New Year. First trade in 2020 but in fact we are already in short for position trade since $7500 if you have followed my channel or group.
Total of 15 Swing Trades back from Oct-Dec 2019 after switching our trading pattern from Day Trading to Swing Trading:
14 Won
1 Lose
Short Position Set Up
Entry Prices : $7280-$7700
Take profit : $6250
Stop Loss : $8200
Risk:Reward : 1:2
Estimated Profit: 198%-1980%
Leverage: 10x or Cross
This position is actually included in my previous long set up.
We are still in a sideway/consolidation overall. We did not break the major Resistance at $7700 and major Support at $6500. First take profit at $6900 by closing 50% of your position will be a good way to secure your gains and also avoid missing the breakdown of $6500. Another 50% of short position should be closed at $6500 or $6200.
It is really simple and you don’t have to be complicated about bitcoin market.
A) We are in a downtrend
B) We should be hitting the Support more frequently than Resistance.
C) We have not meet the favourite price for buyers.
D) Selling momentum is stronger than year 2018.
Total of 15 Swing Trades back from Oct-Dec 2019 after switching our trading pattern from Day Trading to Swing Trading:
14 Won
1 Lose
Short Position Set Up
Entry Prices : $7280-$7700
Take profit : $6250
Stop Loss : $8200
Risk:Reward : 1:2
Estimated Profit: 198%-1980%
Leverage: 10x or Cross
This position is actually included in my previous long set up.
We are still in a sideway/consolidation overall. We did not break the major Resistance at $7700 and major Support at $6500. First take profit at $6900 by closing 50% of your position will be a good way to secure your gains and also avoid missing the breakdown of $6500. Another 50% of short position should be closed at $6500 or $6200.
It is really simple and you don’t have to be complicated about bitcoin market.
A) We are in a downtrend
B) We should be hitting the Support more frequently than Resistance.
C) We have not meet the favourite price for buyers.
D) Selling momentum is stronger than year 2018.
Trade closed: stop reached
