My btc orders currently Im expecting this scenario Market changed now btc

hugeblack

legendary

Activity: 2702

Merit: 4002

Quote from: Squaremile777 on March 03, 2023, 05:00:49 AM

The top would be 23200,23500price range.

According to @dragonvslinux

Quote

Price is breaking below the 50 Day MA, to me it doesn't look like there will be the imminent breakout above $25K this month anymore,

So, 25k will be a top at least for the coming weeks, and therefore the stop loss order must be at 21 thousand or a close range, and try to make profits from fluctuations between 21k to 24k.
if you are a day trader you can play with those prices.

Waiting for confirmation of these stats will increase your chance of winning.

Husires

legendary

Activity: 1596

Merit: 1288

Following a plan like this on a narrow scale will make you realize a real loss because you will not collect any profits and will try to sell when the price drops.
When you enter $ 22,200 - $ 22,400, the stop loss will be $ 21,859. These are not points of support or resistance, and the price moves between them, and therefore you will not benefit from anything from the stop loss order, except to sell at less than the price.
The best possibility is to sell at 25,859 then either the barrier will not be broken, and then profits will be achieved, or it will be broken, and so on, ensuring the bottom of the next time, and so on.

Squaremile777

jr. member

Activity: 92

Merit: 8

To be safe i have next orders nothing for sure but here is the scenario what Will likely happening with btc.
If dca you dont care but If trade use tight stop loss.
I would entry 22,200$-22,400$ stop loss would be 21,859$
If 21,859$ not gona hold. I would entry 19,500 or lowest 18500.
The top would be 23200,23500price range.

That's the plan i follow now i had different plan but as you know Market can change and i need to follow the info and indicators to know the next moves.

Topic: My btc orders currently Im expecting this scenario Market changed now btc (Read 59 times)