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CryptoAddict77
Dec 27, 2017 12:05 AM

Short term play (XBTUSD) Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

Buy on a break of $16000
Target: $16675
Stop: $15850
Comments
tigerpause
So I'm right there with you on your analysis. Is my reasoning correct on the following; we're approaching the retest of the 12h resistance at 12.5 and the upper bound at 16,675 is constraint by a fib level?

I'm interested in following your trades but when I clicked on the links it took me to the bitmex registration page but I'm already a member. What's the idea - people take your trade parameters from TV and execute in MEX? Sorry for noob question :-)
CryptoAddict77
@tigerpause, Yes, for now that's all you can do. I am developing an application where you will be able to see my trades in live time.
tigerpause
@hubavka - that's a great idea! Do you mind sharing how you derived the target price - I'm wondering if my reasoning makes any sense or if my fib channel skills need some more work? :)
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