Futures trading debuts in December 2017 and some hedge fund managers are calling it the "Shorting opportunity of a life time."
Each of the last 2 times the RSI has been above 80 and BTC has been at a all-time high it has been follwed by a 30-40% correction. BTC is bouncing off of the all-time high of about $11,900 multiple times and stuck in a trading range. Selling here right below the all-time high and buying back at a 30% pull back would be a risk reward ratio of about 14 to 1.
RESULTS: This trade worked perfect other then the 30% pullback from $11,900. As soon as it broke to the upside was the time to get out at a break even stop loss and get back in the bullish trade. The day that the futures were live was the top of the market and a shorting opportunity of a lifetime.