jesus360

BTC is finally going out of a downtrend channel? Probably yes!

Long
jesus360 Updated   
BITFINEX:BTCUSD   Bitcoin
Bitcoin is practically out of a downtrend channel formed since january '18. Now Bitcoin can turns so bullish if it brokes $6k resistance (but it may still continue bearish if it can't pass $6k resistance, so take care)

My trading plan:
I think we're going bullish, so I'm going Long right now with 3x leverage, with Stop Loss at $5,200
1st target: $6,500
2nd target: $7,900

BUT, if BTC can't pass $6k resistance, it will invalidate this call.

Best regards!
Trade active:
1st target at $6,500 was reached, but I didn´t take profits, instead, I've just moved my stop to $6,530 and let the winners run!

I just slightly modified my targets, now they are:
1st target: $6,900
2nd target: $7,645
Trade active:
Again, $6,900 target was reached, but I didn't take any profits, I justo moved my stop at $6,901 and let that long order running.
Trade active:
Again, our targets $7,645 and $7,900 HAS BEEN REACHED =)

At first, I didn't take any profits and just moved my stops to $8,100, and finally took profit in that price. A GREAT Trade, near 120% profit (because of the leverage, +40% without it) in just two weeks.

What I expect next?
1.- A little retracement (maybe we are in it right now, so charge your bags and buy the dips), and then:
2.- Still going up to $9,4k (1st target) and $10,2k (2nd target).

I'm going to share with you my technicals analysis as soon as possible. Best regards!

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