Long at Low leverage makes sense here Long

Bitcoin / DollarBitfinex

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⋅ Mar 28, 2018 2:55 AM

I would place my bids from 7750 to 7200 scaled in increasing order and long here, has good risk/reward

That falling wedge, order blocks, fibs, over bearishness in market etc. aligns together for a short term bounce here

Might add more if it dips to 6800-7000

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⋅ Mar 28, 2018 2:58 AM

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⋅ Mar 28, 2018 2:58 AM

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⋅ Mar 28, 2018 10:58 AM

Target 1 reached : 8-8.1k

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⋅ Mar 28, 2018 11:11 AM

Lot of resistance here though

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⋅ Mar 28, 2018 11:12 AM

Trade closed manually

⋅ Mar 28, 2018 4:01 PM

4h rekt

Closing rest of the position now at break even makes more sense and maybe long it later

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⋅ Mar 28, 2018 4:06 PM

Although, this chop chop can go either way

Resistance at 8.1-8.2
Support at 7.2-7.5 and then 6.7-6.8

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Priza

⋅ Mar 28, 2018 3:50 AM

I think 7,2 - 6,9 will be the next downtrendpoint, from there mayne a bounce at 9,1-9,2 and again down till 4,9-5,6

prayank23

⋅ Mar 28, 2018 4:08 AM

@Priza, I believe that you cant buy the bottom so I always start buying in a range with scale orders, let see how things play out

Will close at 8, 8.3, 8.5

Long term downtrend is still the same, I am just playing the swings, subscribe to my Telegram Channel t.me/vbottom for my updated charts and analysis

Thanks :)