BTC long setup - timeframe 1/2 months
BTC perpetual futures long idea.
Today is CME futures contract expiry day, and also options expiry. So volatility increase and there's a lot of chaos in the markets. However the path for this asset remains clear and with a cyclical two months price action close, i expect price to start trending higher following days.
So i put on this trade with a stop loss just below the last low on the left, taking into account 25% of the ATR, an indicator that calculates overall market volatility, and so protect me for being stopped in a sweep of the lows. The target is based on statistical observations of price increases and fibonacci extension and resolves at around 100k+
Today is CME futures contract expiry day, and also options expiry. So volatility increase and there's a lot of chaos in the markets. However the path for this asset remains clear and with a cyclical two months price action close, i expect price to start trending higher following days.
So i put on this trade with a stop loss just below the last low on the left, taking into account 25% of the ATR, an indicator that calculates overall market volatility, and so protect me for being stopped in a sweep of the lows. The target is based on statistical observations of price increases and fibonacci extension and resolves at around 100k+
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