| We follow up on the trade idea shown here: https://www.forexlive.com/technical-analysis/a-bitcoin-technical-analysis-with-a-bearish-measured-move-20220721/ And how to manage a profitable trade by adjusting a stop in order to break even within a worse case scanrio. We do that by exiting one third of the position at a new take profit target. We show the principle of calculating that. Furthermore, Bitcoin is cooling off after faking out a breakout at the top of th presented channel, so the bears have gained control for the short term, at least. Watch how price reacts at the upcoming 20 EMA of the daily, as shown within the video. See the full technical analysis and trade idea followup: https://www.forexlive.com/technical-analysis/bitcoin-technical-anlalysis-managing-a-profitable-bitcoin-short-trade/ |
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