Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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HTF structure looks bearish and price has been flirting around monthly open for some time now. The swing short is based on the idea that the level will no longer hold as support.
The hedge long is based on the idea that the level will actually provide a bounce once more and price will tag the current high of the day.
Comment
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If I can't get a fill on the long before the daily close I will cancel the limit orders.
Will keep the short running until the Stop or TP hits though.
Comment
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Limit orders for the long are cancelled. Swing short is still in play.
Comment
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Glad I cancelled the orders for the long before the daily close, that would have stopped me out.
Swing Short is still running.
Comment
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Nice sell off. Didn't quite reach the target with the dump but I'm assuming that we'll get follow-through pretty soon.