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NeutralSkew
Feb 20, 2020 12:08 PM

March-May macro outlook XBTUSD 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

After that hard rejection recently making a lower high I believe we will re-test the broadening wedge breakout (88xx) and that will be a hard buy for a swing/position play. My plan is to ladder in from 90xx-87xx with equal weights. This area is also the golden ratio from the whole move, which is historically a great place to buy in uptrends. Will update with stops thinking I'll place it around 7-12% from entry.
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