Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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Bitmex, Kraken, Bitfinex, etc. are following the CME futures moves.
When margin trading btc, use low leverage and never bother looking below the Daily chart. This entry strategy has been working all year, i'll continue to use it until it becomes unsuccessful.
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another trend line to keep in mind
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counter trend line holding
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3 daily candles rejecting the 61.8 fib, establishing support. This gives buyers comfort in their entries. Wait for the stoploss hunt, it'll be a quick and large wick through the yellow zone, wiping longs out. Thats when you enter.
This unregulated market is made to wipe traders out. Always look out for the bullshit crypto scenarios.
Trade active
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Hourly Chart. These big candles on the hourly are made to shake the weak hands out
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Another bullish viewpoint
1-2-3 Trend line Description
1) The highest point of the trend line (C) 2) The lowest point price reaches (A) 3) The point where price breaks the trend line (1) 4) The point where price attempts a new low (2) 5) The point where price makes a high (B) 6) The point where price breaks above point B (3)