Bitcoin Prediction(Swing Trade) Win Rate 12 out of 13(Oct-Dec)
Congratulation again for our previous trade which we have managed to gain 152% or 1520% profit according to your leverage and I have advised many times to apply 10x or Cross Margin Leverage. After 12th winning trades out of 13 trades I have provided, I will share some extra information here since its near the end of 2019.
Let me explain this deeply,
$6174 or $6200 has the highest chance of having a bounce. It means that we should only start buying/longing at the $6200 level. $6200 has the biggest wicks from November 2017 and it has always been a level of a bounce and not REVERSAL. However, I have calculated and analysed for the best way to profit from our latest trade.
My future view for Bitcoin is to hit $5650 and $4990 because it is not only the psychologically attractive price because of the demand but also the effects of mining profit and loss calculations.
Should we have a position trade or swing trade here?
My answer is simple, Swing trading is still worth to constantly work on for every available good price range between 5%-10%. Each position should consist of at least 15% to 60% according to your tolerance of risk. Leverage should be from 5x-10x or cross margin leverage. Patience is always the key no matter if you are trading forex, stocks or cryptocurrency.
Position Set Up
Long Position
Entry Prices: $6600-$6200
Take Profit: $7250-$7450
Stop Loss: $6000
Risk:Reward: 1:2-1:3
Of course, I did provide an exclusive set up just for my channel subscribers so you may consider to join since it is free and I do not charge.
All the best and I know we are a prominent trading group that is always ahead of most people.
Let me explain this deeply,
$6174 or $6200 has the highest chance of having a bounce. It means that we should only start buying/longing at the $6200 level. $6200 has the biggest wicks from November 2017 and it has always been a level of a bounce and not REVERSAL. However, I have calculated and analysed for the best way to profit from our latest trade.
My future view for Bitcoin is to hit $5650 and $4990 because it is not only the psychologically attractive price because of the demand but also the effects of mining profit and loss calculations.
Should we have a position trade or swing trade here?
My answer is simple, Swing trading is still worth to constantly work on for every available good price range between 5%-10%. Each position should consist of at least 15% to 60% according to your tolerance of risk. Leverage should be from 5x-10x or cross margin leverage. Patience is always the key no matter if you are trading forex, stocks or cryptocurrency.
Position Set Up
Long Position
Entry Prices: $6600-$6200
Take Profit: $7250-$7450
Stop Loss: $6000
Risk:Reward: 1:2-1:3
Of course, I did provide an exclusive set up just for my channel subscribers so you may consider to join since it is free and I do not charge.
All the best and I know we are a prominent trading group that is always ahead of most people.
Trade closed: target reached
