weslad

May 4, 2019 5:13 AM

Bitcoin time for quick short (RISKY CALL) Short

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

⋅ May 4, 2019 5:13 AM

Hi guys from my last update I talk about potential THREE DRIVE pattern on BTC which gave me the confidence to predict a possible one more leg up which really happen as predicted and the target is already achieved on that.

Now its time for short call although as you know market is somehow risky, I'm going to tagged this as risky call so I provided a stop loss for the call.

Targets are show with our immediate target lies at 53xx level and final short target at 47xx Zone.

I wish us all the best. Please trade with care.

Trade active

⋅ May 4, 2019 6:09 AM

Having this on Binance with USDT

Trade active

⋅ May 5, 2019 3:04 AM

Price surge back again to re-test the top level and failed to closed above our trendline, We are holding on to our short call.

Trade active

⋅ May 5, 2019 8:05 AM

Trade active

⋅ May 5, 2019 3:36 PM

Do have a look on BTC dominance chart.

Trade active

⋅ May 5, 2019 3:38 PM

Potential rising wedge on XBT

Trade active

⋅ May 5, 2019 6:21 PM

Price reach our immediate support zone at 5610 Level

Trade active

⋅ May 5, 2019 6:42 PM

Price trading in typical falling wedge like pattern with immediate resistance lies at 5713$ Zone, if this level break we have high tendency of making new high with target at 5895$.

My plan is to wait for the breakout of this pattern, if it break down then this will easily take us down to 5325$ Level.

Trade active

⋅ May 7, 2019 10:45 AM

Comments

HiddenTreasureHT

⋅ May 4, 2019 5:15 AM

cheers mate .. same idea .. lets hope it work out :) ..

weslad

⋅ May 4, 2019 5:24 AM

@HiddenTreasureHT, that is the spirit please use stop loss.

pinfkloyd

⋅ May 5, 2019 6:09 PM

Yeah, short is more wisely at this stage :) Breakouts mean volatility ride and here We can expect tasty pullbacks :)

weslad

⋅ May 5, 2019 6:22 PM

@pinfkloyd, thanks for sharing your view with us

CryptoRaven

⋅ May 5, 2019 1:19 PM

I share the same idea but imho your SL can be a bit higher.

weslad

⋅ May 5, 2019 4:55 PM

@CryptoRaven, thanks for sharing your view with us

Hmikael

⋅ May 5, 2019 7:24 AM

It very nice if that happen. Thank you Weslad!

weslad

⋅ May 5, 2019 4:56 PM

@Hmikael, fingers crossed

Tylax-Finances

⋅ May 4, 2019 6:49 AM

I strongly believe that we will meet 200 week ma at around 3.6k to 3.7k. Would fit perfectly with your support zone 2.
But probably not without a short squeeze beforehand, like yesterday's move :)

Good luck and happy trading.

weslad

⋅ May 4, 2019 7:06 AM

@Cash-Dash, Thanks man, I have my eyes set on your target as well. But for now just trying to play with the current market trend.