Buy 368$
1st Stop Loss: 275% (-25%)
2nd Stop Loss: 228 (-37%)
Take Profit: 700$
Risk/Profit: 30%/90%
Reason:
1) I think 80% correction since december 2017 it's enough. Now we are on November 2017 level.It is good price if you believe in cryptocurrency feature.
2) 220-250$ is very strong support level, according to horizontal volume.
3) We can lose this position only if all market and altcoins will fall down, and bitcoin price will be under 5500$.
4) I see that people's mood is changing and all market is waiting for growth. Everyday we can see good news, and i think that only terrible news ( like bitfinex scam) can fall down all crypto market.
So, 30% risk against 90% profit it's normal and safe. What do you think?
1st Stop Loss: 275% (-25%)
2nd Stop Loss: 228 (-37%)
Take Profit: 700$
Risk/Profit: 30%/90%
Reason:
1) I think 80% correction since december 2017 it's enough. Now we are on November 2017 level.It is good price if you believe in cryptocurrency feature.
2) 220-250$ is very strong support level, according to horizontal volume.
3) We can lose this position only if all market and altcoins will fall down, and bitcoin price will be under 5500$.
4) I see that people's mood is changing and all market is waiting for growth. Everyday we can see good news, and i think that only terrible news ( like bitfinex scam) can fall down all crypto market.
So, 30% risk against 90% profit it's normal and safe. What do you think?