#BTCtrade
#BTCtrade
I executed a clean BTC trade this week and wanted to detail this for the community. The setup was simple but powerful — BTC was consolidating in a tight range between $62,000 and $63,500, forming a bullish flag on the 4-hour chart. The volume was decreasing during the consolidation, suggesting an imminent movement.
I entered at $63,600 right when BTC broke the flag with strong candle confirmation and increasing volume. My target was $66,000, with a tight stop at $62,500 to manage risk.
In 36 hours, BTC hit my target. A smooth move of 3.7% — low risk, high confidence.
Key takeaways from this #BTCtrade:
Wait for confirmation — do not anticipate the breakout.
Use the appropriate risk/reward ratio — my target was at least 2:1.
Always have a plan — emotional trading leads to losses.
Bitcoin is volatile, but that's where the opportunity lies.$BTC