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ProjectSyndicate
Jul 31, 2020 3:13 PM

XBTUSD H2: BUY DIPS / Accumulation / TP 12 000 USD (SL/TP)(NEW) Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

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XBTUSD H2: BUY DIPS / Accumulation / TP 12 000 USD (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: XBTUSD 2hour chart review and outlook
::: strong pump previously
::: currently reaccumulating for a new PUMP
::: expecting range action next few days
::: buying dips near 10 600 / 10 500 USD
::: is the best strategy right now
::: SL 10 200 USD TP1 11 600 USD TP2 12 000 USD
::: so focus on buying low and you will get paid
::: keep in mind it's a swing trade setup
::: good luck traders
::: details: see chart
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment outlook short-term: PULLBACK/DIPS
Comments
bestfarbit74
kientrucnmd
thank you
lonercapitalist
Agree but target likely hover than 12000, more like 14600
PolarHusk
nice analysis, thanks for sharing
ProjectSyndicate
@PolarHusk, appreciate it!
Marcelvv
Well done mate! Good job!
ProjectSyndicate
@Marcelvv, thank you thank you!
InkyGrip
Amazing Chart! thanks for sharing it! 🤟🏻
ProjectSyndicate
@plancton0618, appreciate it!
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