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Fulltime trader - Crypto - Stocks - No bullshit, just trade setups, analysis, trade education and our view on the markets using TA. -Not financial advice-
8 Apr

Current thoughts about Bitcoin. I see many people becoming bearish and yes, there are some reason to be cautious. I'll explain in this small thread why I am still leaning towards a bullish bias and new all time highs in the next few weeks.
Let's look at market structures. They give me very valuable information. Short term we are making lower highs and lower lows, so that's why people become bearish. We need to create a new higher high to change that trend. I'll show below why we could start going up from here.
The bigger picture still clearly shows higher highs and higher lows. So all I am currently looking at is forming a higher low somewhere. The grey zone, which currently acts as support, could be the higher low area. If we get a 4h close above $59.867 I am expecting new ATH's
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21 May 20
The power of a good Risk Reward Ratio (RRR)

Example: A trader uses 1:3 RRR on all his trades. He loses 7 trades, wins only 3 trades and still manages to become profitable. Want to learn how? Read this thread below!⬇️

(And follow us for more!)
#Trade #education #BTC #crypto Image
When using a RRR of 1:3 it means that your Risk (Stoploss) is 1 and your Reward (target 1) is 3. So your Reward is always 3 times as big as your Risk.

So, for example: When I take a trade with $100 Risk, it means that my Reward is $300.
When your tradesetup has a 5% stoploss (Risk) it means that target 1 (Reward) has to be atleast 15%.

When your tradesetup has a 2% stoploss (Risk) it means that target 1 (Reward) has to be atleast 6%.
Read 8 tweets