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ArcadioMorales
Jun 23, 2018 5:25 PM

Price is relatively low, looks like good place to accumulate Long

Bitcoin / US Dollar IndexBitMEX

Description

Price is relatively low, looks like good place to try some long positions. We are still in sell trend so be careful, build some low-cost pyramid with good RR ratio, at least 3:1.

My setup will take some Bitmex founding cash for sure, still more shorts than longs. I accumulated some contracts at 6034-6118, SL under 5900, be aware of big red candles with huge momentum, don't SL too thigh.
Will close the deal around 6400-6500 or sooner, depends on how market will behave, then we probably still heading for 4800-3600$.

Don't waste your fee money on Bitmex liqudation - open some stop market position over your liquidation price.

Trade active

LONG AT:
-6034
-6063
-6085
-6096
-6105
-6118
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