Bitcoin (BTC)

Тема в разделе "English", создана пользователем Trading Ideas, 3 окт 2019.

  1. Trading Ideas

    Trading Ideas Участник

    Bitcoin (BTC)
    Bitcoin / US Dollar Perpetual Inverse Swap Contract BITMEX:XBTUSD
    We are getting close to that area where holding a BTC short makes significantly less and less sense. However, I will still try to hold my short until the 6.8K area. When managing an open trade, it is very important to keep an eye on the evolving risk:reward ratio. Frequently, price action will dictate that keeping the full position makes absolutely no sense from a risk:reward perspective. Thus, as the markets give you more information, use it to manage an open trade accordingly.

    It is worth noting that I am not a fan of Fibonacci levels but I can see the merit of using them as confluence since a lot of traders are probably using them too.

    Anyway, that is my Bitcoin update. Hope you enjoyed.
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