Potential bear divergence in rsi yet to be confirmed, perfect touch of trendline, 78.6% retracement of downtrend, easy stops, huge r/r trade... is worth trying imo.
I'm laddering the stops just in case a stop hunt/liquidation hunt happens.
Entry 1690
Stop loss 1723 & 1753 (50/50)
Targets 1600 (66.6%) and 1560 (33.3%)
Big risk of failure, don't go too big in this trade.
I'm laddering the stops just in case a stop hunt/liquidation hunt happens.
Entry 1690
Stop loss 1723 & 1753 (50/50)
Targets 1600 (66.6%) and 1560 (33.3%)
Big risk of failure, don't go too big in this trade.
Comment:
If it breaks old line and even more if it breaks ath would be a great opotunity to go long on any retest.
Comment:
Changed a bit my take profits
Comment:
Some lines that could stop the spot price here:
BTCUSD in Coinbase
BTCCNY in OkCoin
BTCCNY in Huobi
BTCUSD in BTCe
BTCUSD in Bitstamp
I still think it is worth trying, though the more time we spend here without pulling back down, the more improbable it is the pull back will happen.
BTCUSD in Coinbase
I still think it is worth trying, though the more time we spend here without pulling back down, the more improbable it is the pull back will happen.
Trade closed: stop reached:
I failed.
There was a massive liquidation of a +60k contracts position and cleared my stops and then china started pushing for a new ATH taking quarterlies over 1800.
There was a massive liquidation of a +60k contracts position and cleared my stops and then china started pushing for a new ATH taking quarterlies over 1800.