Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Fundamentals always trump technical analysis. Tether dump, wanna be BTC baller fomo and Fidelity adoption among other adoption ( Bitcoin satellites to name one of my favorites! :) ) are driving the price up! Now that being said everything has a top, at least a temporary one anyways. Top/bottom hunting is one of the most difficult things to master in technical analysis but we have to try none the less ;P.
Macro : That being said the top is likely in or will be any in the coming moments
Mirco: Entry : 7908 Stack Risk : 2% R/R : 3:1
Summary : Just hit the top of channel looking to retrace Looking to retrace back to the safe fib .5 We will likely trace back further but after getting stopped out yesterday I'm airing on the side of caution and looking for "safe" profit
Trade closed: stop reached
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Just barely stopped out. The TA is good, too tight of a stop placed. Might look for one more entry today, won't force though.