Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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To bull or not to bull, that is a question.
Eventually, as I expected few weeks ago, the bull is revived, in the golden season, giving the bear a critical strike within just a few hours.
After the banquet, will the bull trend continue? This question may be asked by many audiences.
My answer is, yes, the bull trend never ends after the great green candle in April. If bears want me to change my mind, please make the price fall through the ema500 and the long-term trend line.
However, I don't think the price will go up to break through the 10k demand zone in a few days. Instead, the corrective wave will continue for a while, probably to the end of Nov, I guess.
So, be patient, my friend, and do not buy the rising and sell the dropping. It's my sincere advice.
Best regard to who watch this post, thank you!
Comment
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The screenshot is here, and you can share it with your friends.
Trade active
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It's good time to open Long position.My entry price == 9k ~ 8k8, SL == 8k6, TP == 9K7~ 1w1
Comment
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Sorry, 1w1 is chinese means of expression of ten thausands, 10100 instead.
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The previous trading plan is still valid for now. I will hold my position, until reach 9k resistance area, I will close a half and another waiting for 10k.
I will write a new analysis for the latest chart of Bitcoin. The wave 2 also surprises me a lot :-p
Comment
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My recent guess on 2D's chart of Bitcoin, Not recommended for trading.
Trade closed: target reached
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Bingo! Close half position at 9k. Another for 10k. Good luck for you all!
Trade active
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I'm trying to open a short-term long position. Entry price = 8500-8600, Stop Loss = 8450. TP1= 9k (Daily BB Basic) TP2= 9K6 (Daily and Weekly BB Upper)
Trade closed manually
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The wave2 is so confusing and amazing. I decide to wait for a certain opportunity to open position. Let the candle fly~
Comment
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If 8600 cannot stand back soon, we may see this scenario in the next two weeks. DO NOT open long until the panic selling over and buying signal appearing.
Yeah. My spot from 8600-8100... I don't want to try any futures now.
Dr-White-Btc
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@phoenixking, Good Luck... I give up to do any trade these weeks. There no obvious support under 0.382. You can just wait the price hit 0.236 and buy some. If 0.236 cannot stop the correction wave, and MA300 has been broken through, the bull may be a fake one I think, haha~.
phoenixking
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@Dr-White-Btc, You are right. I hope it's not a fake bull. But we do have a lot of long trader. Maybe what we need to do is just sell at MA120. Let's see what will happen here.
Dr-White-Btc
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@phoenixking, the candle of today is very important. I think there is a new down trend channel if we cannot return to 8600 these days.
@phoenixking, this channel is broken through if today's candle close here.
phoenixking
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Old White, I feel so sad about the bear moving. Where is your stop loss? If you put it on $8600, it means that we will see deeper, something like $8000 or $7600? Xiao Jiu Wo need you help.
ifNULL
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@phoenixking, Precedent Cat? Xiao jiu wo really need help.
Dr-White-Btc
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@phoenixking, If you want to long here, you can use x2-x5 and set SL to 8500. Don't use large position and high leverage in the Wave-2 to protect your money waiting for Wave-3. Good luck my friend.