When Bitcoin (or any asset) hits a new all-time high, the usual technical tools go out the window. No resistance above. No ceiling to aim for. So how do you manage the trade?
In this weekโs breakdown, we walk through how traders can approach target setting, trend following, and trailing stopsโ all through the lens of regret minimization.
๐ Fibonacci extensions offer structure for potential upside, like targets near $131Kโ$136K on this latest Bitcoin move.
๐ Historical move analogs let you extrapolate past breakouts, though each successive rally often shrinks in magnitude.
๐ Trendlines and moving averages are tools for trailing exits โ great if you want to ride the move longer, but theyโll never catch the top.
๐ Hybrid exits (partial sell + trailing stop) can be mentally easier, even if slightly suboptimal in theory.
Systematic traders at StatsEdge Pro donโt guess. Every trade includes rules for entry, exit, stops, and profit-taking, removing the emotional side of decision-making.
Want to trade with a plan, not panic?
๐ www.statsedgetrading.com