Long BTC, Stops ran PUMP it Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

⋅ Aug 10, 2019 4:22 PM

Going long on BTC here, looking for a weekly close above $11500 for continuation to $16000. Stops at today lows. First target $13800

Comment

⋅ Aug 11, 2019 9:31 AM

Stop hunt, I longed again at $11200

Comment

⋅ Aug 12, 2019 10:14 PM

This is looking a lot similar to the 9k double bottom. If so we should start trending up from here.

Trade closed: stop reached

⋅ Aug 13, 2019 8:41 PM

Comment

⋅ Aug 13, 2019 10:03 PM

I will long if we can close the daily above $10960 today

Comments

AvgJoe2019

⋅ Aug 10, 2019 4:23 PM

Based on? Where do you get this scenario from?

Pumptruck2

⋅ Aug 10, 2019 4:32 PM

@AvgJoe2019, If you look at the $11150 level you will see that it rejected price on July 15 and 20 so its a resistance turned support. Also after we made the high on Aug 6 we had a sell off which many people longed and today we broke below that running their stops. So considering we are at support its a very good opportunity to long with a tight stop in case we are wrong. Also if we fall further below $10800 we will go to 8k region and btc never corrects more than 30-35% during a bull market and we have already had our 30% correction from 14K to 9k

AvgJoe2019

⋅ Aug 10, 2019 10:38 PM

@Abu97, Thank yiubforvtaking the time to reply. Indo agree with you on the support area, I see a test of 10,850, but not a correction to 8.5. Happy trading.