Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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I've missed the breakout cause some vacation time, but I'm not dissapointed, preparing for the next position with my Hedging Account and it must be some short position.
The bullish momentums at bottomse was very pretty measurable with Murrey's Math & Oscillator divergences on higher timeframes in the last months.
With the length of the upward channels was calculated with fib 0.78 - 0.68 range. Will looking for some divergence to making lot of money with that.
I'm preparing myself to find a good SHORT ~11.1k-11.3k. Targets are very mixed because I think: we are still inside a descending triangle, wich is bearish - until some invalidation. So my first profit target will be 9.5k obviously, but still using some portion of this short to hedging against my LONG, which planned to open at bottom.
But be careful, because many people out there believes: this is the last time to buy below 12k.... are they right? Who knows. On that bullish case I'm looking for weekly close above 11.5k, about the resistances wich is still valid as you see.