>Controlling for $62k BTC< Things get going at about $370-$…
>Controlling for $62k BTC<
Things get going at about $370-$400 BSVUSD
That's when both the BSVBTC and BSVUSD charts complete bases
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When both bases complete with BTC constant, is the expectation that pull-back and breakout are at 50/50 odds?
I look at it from the reverse (longer time frame), breakout presents potentially meaningful shift in trend, pullback increases odds the trend is still down or sideways/consolidation.
$385 is the magic number in this instant
How would you pick the next entry point if you are to double down? Wait for a correction? Cost averaging?
Not a hard and fast rule, but I sell half after a double and let the rest ride.
I almost never increase exposure to a trade (as opposed to investment) , but let's say I was doing that with BSV here, I'd do it on the breakout with a tight stop.