Taking a long here after a great retracement.

2020년 5월 9일

For B's Learning.

Using some of the most basic features, right now was a good spot for a low Risk Vs Reward position.

There is a long standing support close by since the March low, I will increase my position if it drops to the .78 Fib before support line is higher.

I will follow just under the support line with my stop loss, currently a 2.75 Risk to reward. easy pickings. Will double position size If .78 Fib is touched pre-support line.

Dont trade risky set ups, be patient. be calm, learn the market, know your limits.

use basic indicators with a bit of knowledge of overall market sentiment. this is a simple process. trade Fib levels, trade major support lines. potentially can ride this trade for a few days into the halving if all goes well. Stop loss will be set tight, but in a normal market i would take profit at given levels.

BTC is looking a bit unpredictable atm, so always be waiting for the Market Movers to hunt your stop loss before any significant moves. If you can wait for a bit shake always do so.