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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