Benjamix

BTC Supports, Resistances, Axis etc.

BINANCE:BTCUSDTPERP   Bitcoin / TetherUS PERPETUAL FUTURES
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1
BTC Scythe in formation.. Will it cup or crash ??

Grid entries and exits on this volatile market are paying ok.

Well tuned and maintained Passivbot going great with the swings.

I see a broadening bottom testing top trend....
Comment: 1min candles well and truly broken up and out of broadening bottom, next stop is light blue 50% retrace of last bear run.
Trade active: Just an idea, Start grid entering in on a short position if not already..
Comment: You've probably exited on grid or filled most of your targets

Personally running 26 to 37x leverage these 600 dollar increments at this height of bitcoin produce a relatively sustainable profit above fee without becoming too long in the tooth

You might extend your grid a few 600s lower to 31.6k to pick up a 50% retrace on the current bull run down to the 50%er of the last bear run (cyan axis at 33.4k)
Trade closed: target reached: Last target reached, 50% retrace back to 31.6k
Patience and Money Management is 99%
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Comments

Please note that I am currently straddling (I think that is the correct term). Two accounts, one long and one short both entering and exiting on a grid. I tend to increase grid entries further from position price and the inverse for exits so I take profits on grid at constant profit approx, so larger exits first at minimum markup.
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