Bitcoin medium term long, cumulative volume exhaustion, fut prem

OKCOIN:BTCUSD3M   Bitcoin / Dollar Forward 3 Months
Position size maximum 20% equity . Leverage max 4x for this volatility . Current price 561USD, stop loss 503USD. Targets are 606, 636, 666, 686, 706. Liquidation of 15%, 20%, 30%, 25%, 10% at these positions respectively.

EXIT: Futures premium reach +5%, close 50% of positions.
Fisher reach over 5th bar and is heading down, close 60% of positions
OBV reach 38955392 close 50% of positions. OBV reach 48648733 close all positions.



1. Futures premium is at -1%, an extreme oversold value. Overbearish sentiment from the bitfinex hack. Must correct upwards in short term, even if this is part of a medium term bear trend.

2. Fisher transform , showing capitulation from the 840 euphoria high is complete or near completion.

3. On Balance Volume is at BOTTOM levels. We settled at $560 with similar cum volume levels as $440 before the entire euphoria cycle. Signals the market has reached finality and released its load.

Start with a small long position and add to this slowly as strength picks up. Watch the FUTURES PREMIUM. I will update this position.
Trade active: Current price 590. Good profit so far. Continue trade.
Trade active: Since the market did not even consolidate at the bottom, much more bullish than I anticipated. Change final 3 price targets to 689, 709, 739 respectively.
Trade active: Continuation of trade. First target of 606 reached. 15% of position closed
Trade active: 587 current price. Conditions still good.
Comment: Symmetric triangles both break upwards in healthy bull market.

Trade still active.
Trade active: Halfway of time-stop. Trade still active. Conditions good.
Comment: Trade continue. Symmetrical triangle breakup. Note, @fontase on twitter is not me. I have reported him as an imposter
Comment: continue
Comment: Raise stop-loss to 583. Minimum profit if stoplossed there is 15.6% at recommended 4x leverage
Trade active: Almost on target
Comment: I have closed 65% of my position for deep profit on 4x leverage at the original first 3 target: 606, 636, 689. Raise stop loss to 636. Remaining 2 targets are 709, 739. Still open on 35% of the long position. Will close 25% and 10% at these targets respectively.
Trade closed: target reached:

Final update. Successfully closed all positions at defined targets: 606, 636, 689, 709, 739. The return on capital for each target was 4.8%, 10.6%, 27.3%, 26.3%, 12.7%.

On the initial capital for 4x long, made a total 81.9% gain. Thank you BTC
Hi flashs #bitcointraders irc
Hello fontas! Do you have any idea about any altcoins? Would be grateful to hear your opinion! Thanks!
Thanks for the update. What is your outlook now for btc? If you have closed out you are obviously expecting a pullback? Should US election uncertainty not drive this a little higher in the short term?
Fontas perpetualX
I have 0 position and 0 opinion until next opportunity
Nice job, man.
Thanks Fontas!
Good luck. Good chart.
You achieve 739$ target.
Have a good weekend.
Nice trading idea.
Fontas Khawaja
Thanks. Good profit
rooki3 Fontas
that was f impressive, You are the man
You are awesome!:)
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