Hey folks. I hope you are doing well. This is my Current plan on Bitcoin.
On the Chart above I have list my current current Plan of Action, with a target near $12,094.00, give or take either way. I entered into my current Short Position at $21,708.00, with a Stop Loss at $22,307. I plan on taking Profits near $19,688, and at $17,454.00, then let the rest ride until I hit my Long Entry around $12,094.00.
Markets can change at anytime, and depending on price action, I may revaluate my position. Nothing is set in stone. For no trader can predict the markets, best that traders can do is to determine the probabilities in which direction it will go.
It is important to note, I have not used any leverage. With this current position my Risk/Reward is highly in my favour.
Please take Note: Price Action on Day Charts can take some time to play out. Anywhere from a couple days to couple of weeks.
