Bitcoin - Wyckoff Accumulation Long
Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
⋅ Spring event occurring in phase C while hourly ADX is touching 50 and hourly RSI is at 20 (extreme trend; potential reversal).
Trade 1 (Open):
Side: Long
Entry: 8981.0
Strop Loss: 8887.0
Target: 9646.0
RR(BTC): 5.69
RR(USD): 7.07
Trade 2 (Order to be placed following bounce)
Side: Long
Entry: 9081.0
Strop Loss: 9029.0
Target: 9646.0
RR(BTC): 8.10
RR(USD): 10.87
Any updates to the above trades or additional trades within the context of this TA will be posted in the below this chart. Current states of all November trades can be found int he following spreadsheet:
docs.google.com/spreadsheets/d/1c_i0ihpXUBumntv8EORSHFwHNdoYwTo8VJbRrDpuOig/edit?usp=sharing Trade closed: stop reached
⋅ Trade 1 Stop Reached
Order cancelled
⋅ Trade 2 Cancelled