cryptoanteger

ETH - how to put a BITMEX trade without getting REKT ?

Long
BITFINEX:ETHUSD   Ethereum
It is a to- the- point analysis without any frills and lets you know exactly how to put the trade .
A lot of trade pandits will beat around the bush without telling you exactly how to exceute an order on BITMEX . This will show you how to put an order without getting REKT .

First the TECHINCAL ANALYSIS

Eth analysis needs breakdown on all time frames 1 hr (green Trend line), 4hr ( blue trend line) & even Daily ( yelllow trend line ) as ETh is at its peak . Change time frames to check

Line analysis - Tom Demark ( modern TA - coloured trend lines as above )+ resistance support (Classic TA - pink lines ) agree at the following to buy at these levels

Harami cross - indicating sideways movement for some time so buy on break out.

MACD & CMF are not showing a BUY , CFI trending dowing so I will wait for a break out .

But you dont need to wait you can put an order with the following instructions RIGHT NOW.

HOW TO EXECUTE THE ORDER ?

Every BITMEX order will comprise of the following three orders , Trigger , stop loss & take profit

BUY @ greater than 167 ( Put STOP MARKET ORDER @ 167 , uncheck REDUCE ONLY )
TARGET @ 210(Put TAKE PROFIT ORDER @ 167 , check REDUCE ONLY )
STOP LOSS @154 (Put STOP MARKET ORDER @ 154 , check REDUCE ONLY )

Size- 30 % of your portfolio on BITMEX ( 2 % risk ) . This one is volatile so dont go beyond this position size .

Dont short for short term swings as it is trending up on the daily .

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