Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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I am sharing my full trade for Bitcoin (XBTUSD) as promised... but first, let's take a look at the chart:
We can see strong resistance being faced by Bitcoin marked by the EMA lines. We can see that EMA10, EMA200, and EMA300 are all sitting between $10,300 - $10,316 (strong resistance). EMA50 and EMA100 are now at $10,279 and $10,271 respectively... If Bitcoin closes below these levels, we can expect further down. If it can move back up with strength and volume, then we can consider a move up. The green and red trendlines needs to be broken for further upside.
MACD and RSI are trending down.
Please remember that leveraged trading (BitMEX / PrimeXBT / BitFinex / Bybit) is high-risk and for advanced/experienced traders only.
This is not financial advice.
Below you can find the full trade... We already hit our first target on the 10th Sept., but if the setup plays out it will hit again... Feel free to leave a comment if you have any questions.
____________________ Trade: SHORT XBTUSD (Bitcoin)
Leverage: 8X
Buy-in: $10,333 - $10,150
Targets:
(1) $9,900 (2) $9,750 (3) $9,600 (4) $9,420
Stop-loss: Close daily (1D) above $10,500
Liq. price: $11,855 (Buy-in calculated at $10,250)
Potential profits: 70.48% ROE
Capital allocation: 6%.
Date: 9-Sept-2019 | 5:11 AM UTC-4 ____________________
Thanks a lot for the support.
Make sure to hit like, follow and comment for more profitable trade ideas.
Namaste.
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Take a look at our trade for EOSU19, this one is at 120%+ ROE... Let me know what you think in the comments...
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Market Cap BTC Dominance (BTC.D) Shows Additional Weakness
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XBTUSD still moving inbetween resistance and support:
@CryptoBullet, yeah sure waiting for that gifted area ,moon boys needs to be patient for a while now as they have alreadt had good previous 2 quarters, thats how its working out sofar so lets see if bullish can make a new yearly high in short term or a possible lower low in favour of bakkt maybe in pending for real time bulls and whales, thanks
TheOracle9
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guessing this isnt' going to age well
AlanSantana
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@TheOracle9, We need to give it time to see how it will develop... Volume is really low though.
mickey_v
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Nice TA analysis. However, I reckon it's pretty risky to trade on margin at the moment, whether long or short positions. We have seen heavy accumulation around 10k zone and sell-of around 10.6k zone. The market is getting more to an equilibrium state with drying out liquidity and volatility within one trading session.
On the bright side, I'm really positive on the longer term as the market is getting more structured with clear interim trends. Massive Wave 1 from 3.1k to 14k, then correction Wave 2 from 14k to 9k zone, it is plausible that we have entered Wave 3, the most impulsive wave. We might see history will be made again in this upcoming Wave 3
Anpu
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Nice Chart. Thank you for your analysis!
This is my idea about BTC
krishrupesh0
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please suggest ur chart again. long or short opening positon n all
You're the boss