The near term shows more upward pressure to continue till at least Sunday, May 12, 2019 or Monday, May 13, 2019. Which means we could likely continue higher than current price through the entire weekend. This could take us to $6,500 or higher before the weekend is over.
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I should have posted this earlier with the added purple lines to show we could be going up to around $6500 at a minimum on the current 4-Day Candle that began May 9, 2019. Which means it would have to reach $6,500 by Sunday, May 12, 2019 before a NEW 4-Day Candle begins Monday, May 13, 2019.
many have june as the last month of financial year...31st june...also sept is jewish ususally settle debts..and we the goy pay the debt with october falls in markets...chinese usually follow chinese new year...settle all debts before the NY...and get bonus after from employer.
I saw 2 days ago, having a short open on mex is really expensive, interest is very high 0'15-0'2%(now) daily so having 100k$ 15BTC shorts cost 200$ x day
I'm not making any recommendations for those trading on margin. Especially, for those wanting to short on margin. If I were to trade on margin, I would RATHER wait on more of a SURE thing rather than make a trade on margin on less reliable signal. Sometimes it's just blatantly obvious and THAT is when I would rather make a trade on margin.
tac0de
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@ProwdClown, Shure it's a very risky option.
I just to point the interest of shorts in bitmex, because I'm sceptical in bitfinex Shorts longs data maybe manipulated.
I usually scalp with a little capital 2-4 days shorts operations but after begining of april 1K candel don't worth the risk.
Now it's better to not over trade and wait. I just sell few btc to pay 2018 taxes :(
Like your strategy... I stay away from very risky trades and look for those with less risk while still engaging a stop loss or stop limit as a safeguard against serious loss.