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BitcoinSector
Apr 7, 2018 8:59 AM

XBTUSD BTCUSD Bitmex RSI BULLISH DIVERGENCE ON DAILY & 4 HOUR  Long

BITMEX:XBTUSD.P240
Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

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Bullish Divergence on Daily and 4 Hour Chart

LONG @ 6800 to 6900$

TARGET 1 @ 7300
TARGET 2 @ 7500

Recommended Leverage x5 to x10

STOP LOSS @ 6450


Comment

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Looking good so far.

Recommended to close your Position at Target 1 between 7200 and 7300!

Target 2 was maybe too optimistic.

Will search for a good SHORT entry when we’re close to Target 1. Trading Idea will follow.

Comment

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Close to Target!

Move Stop loss to 7050$

Trade closed: stop reached

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Stop triggered!

6800 to 7050 with x10 leverage = 37% return of equity

Enjoy another 37% Profit <3

Trade closed: target reached

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Unfortunately our Stop Loss got triggered.

Target 2 was also reached. Would come out with +100% Profit with x10 Leverage.
Trend AnalysisChart PatternsTechnical IndicatorsbitmexXBTUSDxbtBTCUSDBTCUSDLONGBullish Patterns
Comments
schlucio
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played out very well. goood job bro
BitcoinSector
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@schlucio, Thank you Sir! Stay tuned for more Profits ;-)
SubieDude
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Why are you calling your Target a Stop Loss. Should be a Take Profit Limit
BitcoinSector
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@SubieDude, In theory yes but I am trading on Bitmex only and as far as i know, you can only place a take Profit above the current Price so i need to use a Stop Loss even if its not a loss :)
Kind regards
SubieDude
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@BitcoinSector, Take Profit is placed in the direction favorable to you. Whether shorting or buying.

BitMex source "A Take Profit Order is somewhat similar to a Stop Order, however instead of executing when the price moves against the position, the order executes when the price moves in a favourable direction."
BitcoinSector
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@SubieDude, When we move towards my Target, it would be a Take Profit, thats correct. But the Price was already above 7050 and i wanted to Stop if the Price moves back below that Price. So i had a Take Profit Limit at 7300 (above the Price) and a Stop Loss around 7050 (below the Price) because the Price was between 7050 and 7300. :)
schlucio
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@BitcoinSector, that is correct!
evanp90
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@BitcoinSector You see a bounce coming soon? What you think of this bounce target?

BitcoinSector
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@evanp90, We dropped 600$ and RSI is giving Bullish Signals, i think we will go up a bit 200 maybe 300$ up before we continue our Really down. Im still Bearish on Bitcoin on the long run. I think after that 5000$ is possible, 6000$ is coming for sure. Best regards
samiswilf
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Incorrect.
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