Congratulation to anyone who followed my previous prediction of short position which was opened at 9200 and closed at 8350. You should have gained 10.17% x leverage used. In my case, I have gained 101.8% with 15-50% Margin used and x10 Leverage.
Long Position Set Up
Entries: $8500-$8100 ( You dont have to be sharp in entries or take profit because you dont wanna miss the opportunity)
Take Profit: $9000-$9200
Stop Loss: $7900
Risk Reward: 1:2
There are few reasons for me to open this long position:
1)1) Strong buying momentum compared to last price decline period. 2) The market is more neutral compared to previous months. 3) It’s absolutely reasonable for the price to hit the previous average point at $8300 for institutional traders to restock their position for long position. 4) It’s nearly end of 2019 and its mathematically harder to meet all time high if BTC does not sustain the support at $8000 level.
* I dont always post prediction here so I hope you enjoy the trade and all the best.
BTC hit 7991$ on bybit so what's your point of view now on current situation? You are long or short ? I took entry at 8000$ and holding now,what's the reasonable price i should sell and buy back kindly guide me through.
Do you have any telegram channel or blog where i can follow ?