In this video, I break down a straightforward long trade based on an internal corrective zig-zag pattern.
This setup demonstrates how to capitalize on short-term trades with a solid risk-reward ratio, securing profits before looking for a re-entry opportunity.
The trade aligns with the anticipation of Bitcoin approaching its recent highs, potentially forming a double top. Currently, the trade has a protective stop at $83,169 and a target of $89,176.
This setup demonstrates how to capitalize on short-term trades with a solid risk-reward ratio, securing profits before looking for a re-entry opportunity.
The trade aligns with the anticipation of Bitcoin approaching its recent highs, potentially forming a double top. Currently, the trade has a protective stop at $83,169 and a target of $89,176.
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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.
Related publications
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.