BTC -> Bullish
After a rejection and whales taking profits BTC Dropped for two days from $11,200 - $9000 Area.. I anticipated a further correction for another two days, But since this market is completely insane we rebounded alot sooner, maybe due to the futures trading anticipation.
Now we are back in an uptrend continuing -> Here is how we trade this market.
BTC Long over the previous highs
Stop loss below $11,000
Target 50% or $15,000
After that we will swap sides to take BTC short @ the highs.
Good luck traders!
After a rejection and whales taking profits BTC Dropped for two days from $11,200 - $9000 Area.. I anticipated a further correction for another two days, But since this market is completely insane we rebounded alot sooner, maybe due to the futures trading anticipation.
Now we are back in an uptrend continuing -> Here is how we trade this market.
BTC Long over the previous highs
Stop loss below $11,000
Target 50% or $15,000
After that we will swap sides to take BTC short @ the highs.
Good luck traders!
Trade closed: stop reached:
Trade Should Have Been Stopped @ $11,000.
Trade closed: target reached:
Target Reached On GDAX
Trade active:
Short BTC $14,000 - Stop Loss $15K
Target $9000
Target $9000
Trade closed: target reached:
Closed Trade, Short Should Have Been Closed or profits should have been taken.
Comment:
We will wait for the next opportunity to short. This should be somewhere around 20k