Ingwina

short squeeze but obviously its bullish trend

Ingwina Updated   
BITMEX:XBTUSD.P   Bitcoin
in 1h timeframe we can short with the stop 7566 and take profits below 7000$.
In daily timeframe my algorithms show that there will be an increase to 8,200$
so if you are long term buyer and can wait 10-20days i think its good opportunity to buy at
6800-6500$ and 6200$-6400$ levels with stop losses near 5500$ and take profits 7800/8200$

if we look to smaller timeframes ...volatility "compression" in the btc is very strong, so I prefer sell at 7220$ or buy with 7333 with take profits with 1k2.
For my opinion Its better to open a deal with market order.
Comment:
scalp
Trade active:
fixed half, next target 7700-7500.
6666 stop order for this position with profit
Trade active:
8400-8200$ target , resistance zone
Trade closed: target reached:
Well it was done, my assumption that the deal would go 20 days was right.
22-26% percent if you have bought btc without leverage.
Very good opportunity.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.