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bdossantos
Apr 20, 2018 4:41 AM

Potential BTC Move from 50EMA to 200EMA Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

2:1 RRR Opportunity if BTC holds the 50 day EMA (~8280).

Target: ~8700.

Please trade at your own risk. I have been net short since ~10k and will not be closing my position until the chart shows a clear bullish trend.

Good luck and happy trading!

Trade closed: target reached

Comment

As long as Daily 200EMA holds (~8720), BTC should aim for another leg up. Consolidation here would be healthy.

Trade closed: target reached

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