Bitcoin is traded below middle band of the channel DC - so appears higher probability of going down to lower band of the channel DC ~6006 during the next week.
Generally, I think there is no good entry for longs/shorts at current levels - that's why I prefer to go with split position at lower levels, with these longs: 6166 and 6066 (at Bitmex).
Also, keep in mind that price differs at Bitfinex (current 6585) and at Bitmex (current 6385) - making it 200 points of spread.
So, long entries at Bitfinex would be higher by 200 points: 6366 and 6266.
Planned leverage is 2x and 5x.
Trade safely.
Generally, I think there is no good entry for longs/shorts at current levels - that's why I prefer to go with split position at lower levels, with these longs: 6166 and 6066 (at Bitmex).
Also, keep in mind that price differs at Bitfinex (current 6585) and at Bitmex (current 6385) - making it 200 points of spread.
So, long entries at Bitfinex would be higher by 200 points: 6366 and 6266.
Planned leverage is 2x and 5x.
Trade safely.
Trade active:
Long 6366 at Bitfinex has triggered.
The second possible is 6266.
Also, at Bitmex I have two other possible longs 6166 and 6066.
SL at Bitfinex would be 6066 and at Bitmex at 5966.
The second possible is 6266.
Also, at Bitmex I have two other possible longs 6166 and 6066.
SL at Bitfinex would be 6066 and at Bitmex at 5966.
Trade active:
For long 6366 (at Bitfinex) I will look at action at the middle band of the channel DC ~6410, then I expect an upward movement on U/DC ~ 6700-6800. After (if) price is fixed above M/DC 6450 - I would move stop to B/E.
I do not cancel pending longs:
- open 6266 (Bitfinex), stop 6066;
- open 6166 and 6066 (Bitmex), stop 5966.
At weekly TF - we have L/DC at ~ 5750, as well as upward support for EMA91 ~6170; and now also Bitcoin will be supported by SMA100 ~5710.
Observing.
I do not cancel pending longs:
- open 6266 (Bitfinex), stop 6066;
- open 6166 and 6066 (Bitmex), stop 5966.
At weekly TF - we have L/DC at ~ 5750, as well as upward support for EMA91 ~6170; and now also Bitcoin will be supported by SMA100 ~5710.
Observing.
Trade active:
Yesterday at Bitfinex bitcoin went down to 6242, and my second long triggered.
Now I have 6366 and 6266, TP is 6600-6800, SL at 6066 (after fixing above 6450 - stop would be moved to B/E).
Also, at Bitmex I still have pending longs 6166 and 6066.
Now I have 6366 and 6266, TP is 6600-6800, SL at 6066 (after fixing above 6450 - stop would be moved to B/E).
Also, at Bitmex I still have pending longs 6166 and 6066.
Trade active:
As bitcoin is fixed above 6450 (at Bitfinex), so for my longs 6366 and 6266 (also at Bitfinex) - I move stop to B/E at 6366.
Trade active:
Bitcoin reached the range of 6600-6800, in which there are TP for longs.
Therefore, I act as follows:
1) For longs 6266 and 6366 I move the stop to 6444.
2) Long 6366 is to be closed:
- 1/3 at 6600 (already closed),
- 1/3 at 6700,
- 1/3 at 6800.
3) Long 6266 - I will keep it active on, in case of an upward breakthrough towards 8000-9000.
Therefore, I act as follows:
1) For longs 6266 and 6366 I move the stop to 6444.
2) Long 6366 is to be closed:
- 1/3 at 6600 (already closed),
- 1/3 at 6700,
- 1/3 at 6800.
3) Long 6266 - I will keep it active on, in case of an upward breakthrough towards 8000-9000.
Trade closed manually:
Longs 6266 and 6366 are closed with trailing stop at 6444.
Further, would open pending longs at Bitfinex at 6166 and 6266, and at Bitmex at 6166.
Further, would open pending longs at Bitfinex at 6166 and 6266, and at Bitmex at 6166.