Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Not placing orders, need completion of the premise. If the premise completes, I will place orders.
Premise: 1. The price will retrace to the OTE while simultaneously showing a bearish divergence on the 30min SRSI and RSI, 2. This will coincide with the 4hr SRSI going overbought for the third time and showing a beardiv on the 4hr RSI
Execution: 1. Single order at 3530 for 1x cross Short 2. Single order at 3557 to make the Short 2x cross 3. Target 1 : 3487 (close the 3557 entry here) 4. Target 2 : 3442 (close half hedge here)
Result: 1. A 2.73:1 RR trade is completed.
Comment
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Watching volume here.
Order cancelled
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Trade was cancelled as per Premise (did not complete Premise)