Uncovering the Risk and Potential Reward of a Bitcoin Trade #trading #bitcoin

29 Aug 2023 · 1 min

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In this concise monologue, The Art Of Crypto outlines a bullish Bitcoin trade centered on a specific order block. He explains that if the order block fails, it will become a mitigation block, potentially driving price to new lows. He acknowledges the inherent risk of the trade but emphasizes that the calculated risk‑to‑reward ratio—risking 1 unit for a possible 19‑unit gain—makes the setup attractive. The speaker frames the idea as a thoughtful, high‑reward opportunity while admitting uncertainty about its eventual outcome.

Chapters

So this is the final opportunity. Like basically if this order block doesn't hold and it gets broken through, then it's just gonna become a mitigation block like this, and then price is just gonna form new lows. So is there a risk that this trade right here could fail? Absolutely. Just like with everything else in trading, there is always a risk that you will fail. But I would say that this is a pretty calculated risk. The fact that you can risk 1 unit of risk to get back a potential 19 units of reward, I'd say that's pretty worth it. So that is the trade idea that I have for Bitcoin towards the bullish side. Don't know if this will play out yet, but that is the idea.