EXIT: 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. 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 trend.
2. , showing capitulation from the 840 euphoria high is complete or near completion.
3. is at BOTTOM levels. We settled at $560 with similar cum 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 PREMIUM. I will update this position.
Trade still active.
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