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Wavema
Jul 18, 2019 9:42 AM

BTC 18th july Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

Is there something nice to do today ?
Alt did a big bounce on the support, it won't last, but there is a nice bullish momentum. It needs a nice resistance to push that down again. So... I want to be long today !

I wait a dip (may be no dip ! ) , and I'll reload. Sell at the target.

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If I take a look closer:

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YES, we have a pattern now. It can break up or down. But we have a pattern. I know where to place my orders now :)

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I'll have to prepare the short option because with this kind of pattern anything can happen

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+1 Perfect first step !

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Now. I don't know if it will bounce here, or going lower

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May be bears don't know themselves lol

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Alt are on a support too

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There is something new. Alt hold better the dip than BTC !!!

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The new game is LONG alt. SHORT BTC

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LTC:

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LTC: ascending triangle pattern. On a support. It hold much much better than BTC. I bought the bounce, I'm 1% in profit. Meanwhile BTC is only 0.5% up (and with an undefined support )

Trade active

So... The idea was good. It seems still OK with BTC. BUT. I did'nt find the support. It's not good. The support was well shaped with LTC. So, I bought LTC, which is stronger to go long safer

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in the bounce BTC: 1.1% ETH 1.1% LTC: 2.5%. I caught the good horse :) Let's hope all will be fine

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BTC remain the master clock

Trade closed manually

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I break my plan. I gamble. I closed the trade without loss, all is OK. And I wait.

Trade closed: target reached

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I bought the breakout of my trendline. Target reached faster than expected, it's a short squeeze. Thank you shorter !

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It will probably reach 10 650.

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But... I wouldn't bet on that. Trade closed. Nice profit. Take some rest. Tomorrow will be another day

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I have more or less that in mind

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10650 yet reached, wow !

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11 k may be the upper limit

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Just an advice: DON T TOUCH ANYTHING. IT's too late. Even if it goes 5% above. It's just a shortsqueeze made to trap noobs.
Don't short, don't long. Just place a SL somewhere under to protect your money and profit.
I've made 10% today, it's enormous. Don't become greedy.

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Before entering another trade, I need en entry, a direction, a sign. There is no informations now. Let's wait 12h

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Idea closed
Comments
TradingShot
Very interesting approach! Keep it up!
Wavema
@TradingShot, We'll see if it works today !
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