Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Publishing this a little late, I forgot I started publishing on TV, my applogies. This is how I expect this to play out. If you got in a long at the 6100's give yourself a pat on the back for catching the knife and "longing the bounce". Remember that we are in a bear market, so this can't be treated like a long in a bull market until its confirmed a bullmarket. With that being said our goal is to find possible exits so we can enter back into "The big short" thats going into the 5k's minimum. So you can see the 3 areas where this could target before it has its next big dump. The 6640 range was a nice target to set a stop for your long and start a low leverage short you can DCA -1.11% into from small to large orders as we go up higher. The next 2 zones will have large entries for the short and will also be used to push your stop forward on the longs if they were not hit already.
The absolute highest i see this going would be just under 7100. Anything above 7150-7200 is a danger zone and anything over 7400-7500 would make me look deep into a double top at 8500, and if 8500 broke would confirm bull market for me. Good luck on your trades, I will try to get better at publishing more often and before stuff happens.
Nice TA, I have the same exits and shorts as yourself, focusing around 6770-6800 ish. A dump there would form a H&S on the daily also and send us so far down its not even funny.
I will say this though.. with everyone looking for that 'short of a lifetime' including myself, and the general narrative that we are doomed for minimum 5k BTC, my gut is telling me this bounce may go higher than expected.
I will say this though.. with everyone looking for that 'short of a lifetime' including myself, and the general narrative that we are doomed for minimum 5k BTC, my gut is telling me this bounce may go higher than expected.
Good luck brother and take it easy