Bitcoin along with most crypto has seen the market go bearish of late.
Our script working on the day chart here triggered a sell alert back on the 20th of April.
This was way before the big slump, this alert could of helped many back into cash before the bear market took hold.
For any CFD traders of bitcoin this alert could of helped you closed any buy positions before entering the sell position.
Entry details are shown on the chart for the current sell position.
The big question is will bitcoin continue down and find that take profit target of ours?
Strategy is set here working to a 1:5 RR and risking 1% of capital per trade.
As with every idea I post trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Also, see my 'related ideas' below to see more just like this.
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The stats for this pair are shown below too.
Thank you.
Darren