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PavelBodo
Jan 30, 2020 2:21 PM

#BTC shows an uptrend. but we have a possible correction Short

Bitcoin FuturesCME GLOBEX

Description

BTC shows an uptrend, as well as a bull pennant.
We also have two price futures gaps.
I look forward to a possible breakdown and lower prices.
On this risk open shorts.
we have a strong consolidation at the level of 9450-9650, if we fix above the price will go to 9800 and maybe 10400.
Opening parts 9380 - 9580
Stop 9780
Target 9100 - 8610
After the first take stop, take an open .

This is just my opinion, and is not a call to action)
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as expected, the asset went up, where I opened a short position.
We see the reaction of the seller and the rate has already corrected by 4%
Now there is a flat state.
Where we have 2 options, continue the upward movement to the level of 9500-9600 and go below. or breaking and fixing above it, then we will see the price of 9800.
I’m still waiting for the price at the level of 9200-9100 where I will fix part of the position again, and I will look further, because a rebound is possible.
So far, the position is in breakeven.
Today is closing a month, and perhaps in the next we are waiting for a big absorption.
If it does not happen from the first days, then the price will be higher.
Also yesterday we had a good long squeeze, where I managed to fix part of the position on the Bitmex exchange, where I trade

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Comments
preman13
can u pls tell me.. Why the CME charts price showing 100 or 150$ difference, its higher always.. I mean I know its delayed chart on Trading View, But the difference!? pls help me out on this.. Thank you!
PavelBodo
@preman13, CME’s Bitcoin futures contract, ticker symbol BTC . These prices are not based on market activity. A single BTC contract has a value of five times the value of the BRR Index and is quoted in U.S. dollars per one bitcoin. The tick increments are quoted in multiples of $5 per bitcoin, meaning a one-tick move of the BTC future is equal to $25. I use this exchange as an example for a price gap. and I’m trading on the Bitmex and Bybit exchanges.
Yes there is a difference, but I will adjust the price myself)

I hope I could help you.
preman13
@PavelBodo, Great ! Thank u sir for the help!! Love from India! M also trading on Bybit : )
PavelBodo
@preman13, join to my free telegram channel t.me/bodotrade
andresigodt
How about new?
PavelBodo
@andresigodt, yes , i update idea )
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