buyTheDip Plan on Bitcoin (via Bitcoin Futures)

Long Position Plan

This plan outlines a three-layered buy strategy for Bitcoin futures, ensuring proper risk management and a high reward-to-risk ratio.

Long Buy Order #PriceNumber of Units to BuyCost% of Position BudgetAverage Weighted Entry PriceStop Loss
1st Buy$63,0351 unit$63,03516.67%$63,035.00No stop
2nd Buy$61,3452 units$122,69033.33%$61,908.33No stop
3rd Buy$59,1203 units$177,36050.00%$60,514.17$58,699

Position Size and Risk-Reward Analysis

  • Weighted Average Entry Price: $60,514.17
  • Total Position Size: 6 units
  • Stop Loss Level: $58,699 (-3.00%)
  • Take Profit Level: $89,561 (+48.00%)
  • Reward-to-Risk Ratio: 16:1

Profit & Loss Calculations

ScenarioPrice LevelProfit/Loss Per Unit (USD)Total Profit/Loss (USD) (for 6 units)
Stop Loss Hit (-3.00%)$58,699-$1,815-$10,892.55
Take Profit Hit (+48.00%)$89,561$29,047$185,173.35

Patience with this buyTheDip Trade idea on Bitcoin

  1. Strategic Entry with Scaling – The layered buy-in approach ensures lower risk exposure while maximizing potential gains.
  2. No Stop on Initial Buys – The first two buys allow flexibility in market fluctuations.
  3. Stop Loss at $58,699 – A strict risk control level ensuring a manageable downside.
  4. High Reward Potential – A 16:1 reward-to-risk ratio, meaning a small risk for a significant potential profit.
  5. Take Profit at $89,561 – If Bitcoin rallies, this would result in a massive +48% gain.

This buyTheDip plan ensures optimal entry levels, risk control, and high reward potential, making it a well-calculated long strategy on Bitcoin futures. 🚀

For those seeking to short Bitcoin till that possible dip area... The question is from where to enter. If BTC futures retraces up to 85500-86000, that could be an relevant zone to look at for a short entry, if you're seeking a short. Trade Bitcoin at your own risk.

Source: Forex Live