Bitcoin reached our retracement zone for the first time and we can observe a huge increase in buying volume already, it's possible that bitcoin just established a local low. The market could decline to lower levels, but we are confident, that the current levels are a promising opportunity to open further long positions.
We are going long with the following parameters, a more detailed update will follow!
Long #2 Bitcoin (BTCUSD)
AVERAGE EXECUTION PRICE: 25'289$
STOP-LOSS: NONE | Traders can put their stop-loss slightly below 19'559.36$ (Last market low!)
LONGTERM TARET: +120'000$
Note: Keep in mind that we at Mendenmein Capital use a very well-structured strategy and a professional risk-management. Besides from our crypto portfolio, we are well positioned in different stocks and industries, keep this in mind when choosing your asset allocations. Don't risk more than you can afford to lose.
Please note that we are already invested in Bitcoin since the 15th of June 2022, back then we announced our first positions on tradingview.
Long Bitcoin (BTCUSD)
AVERAGE EXECUTION PRICE: 20’714.20$
LONGTERM TARET: +120’000$