Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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See chart
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Still within channel and added golden cross data
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Moved stop to profit
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Moving up well, 5700+.
Personally i think we probably will break up from here, so I'm keeping my original long going.
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We have a decent shot at 6k, just based on resistance zones. If we can get past that then 6.4k. But this is where I feel things get tricky and as I've written in previous tweets, I think there is a strong possibility there will be a prolonged period of bouncing up and down in a range like 3-6 for example. Before we really push into the next super bull run. But as ever, we'll assess as we move along.
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3 taps on resistance, and up:
Trade closed: target reached
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Closing most of my position here. I've been long since 4086 and closed out at 6300. Good trade.
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I hedged the remaining position against a short, thereby locking my profits in. I've now cut the long, and remain short from 7721.
@terry2203, Lol I see this type of comment on TV all the time. Whether he's right or wrong is yet to be seen.
MusclesCrypto_
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@dinopiccinin, I can see where he's coming from, there has been a lot of exuberance in this market which gets annoying.
But in fairness to me I've been long since 4086, and I many of my previous ideas were short. I just think we have another leg up before we reassess.
However yes, we are all just in the business of predictions. No one really knows for certain.
tredishion
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@MusclesCrypto_, well i think u got it more correct than me after all, its looking a lot like i should have longed :D
MusclesCrypto_
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@terry2203, very gracious of you to say so. I've moved stop to profit, and locked some in. This was a separate scalp to my long bias (from 4086).
However I would need more evidence to support this being the start of the new bull run. I feel we haven't seen enough evidence for that yet. So we may still have more legs down...