Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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The 4hr RSI and PA shows a clear Parabola Coming down from above, but the Daily PA also has a Parabola beneath it. Volume Decreasing. Range Tightening. Volatility Incoming.
On LTF we are also moving inside of an Ascending Triangle, and inside of a second Mini Parabola. I favor a break of the Parabolic Resistance thus my Bias is Bullish for the upcoming Breakout out of the Apex.
My Stop Loss for this Trading Idea is around 9840 XBT/USD
Comment
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RSI Res and D-Parabola Smashed. Swing TP1 around 11.2 Swing TP2 around 11.7 Swing TP3 around 12.5 Scalp TP around 10440ish & 10700
Got Stopped out at Breakeven. Reentered at 9970 Small Size High Leverage Long If Price bounces I will start to build a kid term short position. If price fails to bounce and breaks 9970 Support I will look to add a momentom short stop order at 9800
Comment
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Added to long @10040 Watching PA closely for confirmations before adding more Still bullish until we break and close beneath Daily Parabolic curve
Comment
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Update Currently In Longs from under 10K. I set the SL at 9840 XBTUSD as it didn't break and will go to bed now. After getting stopped out and not taking profits on the fake out I overtraded slightly and took stupid positions. Fomo is Real. LeRnInG by DoInG TiMe & TiMe aGAiN
Comment
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Played Out! Well Scalp already closed both TP Targets and Swing is still in Play
I will be looking to buy the dip from here on if the daily holds the breakout price upon closing
Waiting on the CME gap to close at 8500 and its gonna BE MOON TIME get your STUPID LOOKING BLASTOFF NIKES ON BOYZ WE GOIN TO TEH MOON
fab-e
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@phantomofmtgox, On HTF i do see it going lower but I also realize that the demand for Bitcoin is higher than ever, I'm Bullish till the Rising Parabola get's smashed and the RSI rejects on the Daily