Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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Bitcoin will start to drop now (retrace).
We are aiming at fib. 0.618 ($3810) and 0.786 ($3750) as support.
This retrace can take several days and we will have to see it play out to know if Bitcoin will bounce or will continue to go lower. The fact that the last high wasn't broken is a bit telling.
Anyways, this is just a quick reminder.
We are trading XBT SHORT with up to 20X leverage for a fast 133% ROE, hit LIKE if you would like to see our full trade.
Thanks a lot for the continued support.
Namaste.
Comment
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I will be sharing one of our XBT shorts in a new trade idea.
The one with 20X and 133% leverage had a buy-in at $4010 so I will be sharing a different one exclusively for my Trading View followers, readers and supporters.
Thanks a lot for the continued support.
Namaste.
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Results:
NULSBTC +60% profits generated.
ADABTC +33% profits generated.
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It's done. Bitcoin (XBT) Short for 91.95% ROE at 15X.
Thanks a lot for the support. You will see more from me.
Shorting BTC now shows you have balls. Hope you have tight stops. Yes, it might go down, however BTC is not like anything from a fundamental (Gartner Hype cycles) point of view. TA versus FA in case of BTC is something special not seen in traditional markets if you ask me. Personally I. am conservative and ready for north and south, but dont think BTC will follow anyone's TA charts. This baby IS unpredictable (TA wise)
Matthew1972
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@matthevandaalen, PS, literally EVERYONE is expecting BTC to drop now. EVERYONE! That alone must make bears nervous
AlanSantana
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@matthevandaalen, The TV meter is leaning towards "buy", so many more people are expecting a move up than a drop.
VaidoVeek
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Hey!
My 3 timeframe analysis shows that currently, nothing is confirmed. We are still above the minor counter trendline and it has held us. Probably a next leg downwards confirmation should come after the 4H candle close below $3,920 but let's see.
Yesterday, we got some bearish price action and it is a sign but today some of the altcoins make pretty impressive climbs, which will be in another hand a good sign. Definitely, the price is on the danger area as the consolidation areas are, interesting times, interesting times ;)
All the best to You Alanmaster!
AlanSantana
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@VaidoVeek, Thanks a lot for the chart, beautiful work.
Coinamic
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Too many reasons to enter short before the dump of yesterday happened.
None of this will matter 3-5 years from now. It's like having money in a savings account, except that the return will be much greater than the banks give. It's just a matter of being patient. Whales will eventually get flushed out. Early Hodlers are likely to be winners in the end.
etfsandstuff
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@rev214us, You are way to optimistic meaning prices will continue to decline. We are in wave 4 now, expect at least 2900.