Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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IF you didn't read my older article about a tutorial divergence money making on tradingview, then you need to do understanding this setup first.
So, again, very sexy bullish divergence showing on the daily
More candles on 1H divergence
It's too good to missing out! RSi is very traceable.
Very hard support line
I'm saw the most powerfull trendline forming since April1 :
OMG, almost 10 touches! It's very hard to support BTC here
Reasonable stop
I'm using now very tight STOP to protecting my funds. Thanks for GOD I still have a little of my 12k short open (detailed here). I'm using those to hedging this.
Comment
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Comment
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Returning back to the yellow zone (not just with a spike, but with 5m closes) indicates: bears are trapping us. In that case better to close this LONG manually before reaching the original STOP. But for now its still just re-testing the resistance trandline (becames support)
Comment
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That was close.... my stop is near ~9.850$ Expecting more uptrend after this pullback 1st : pulled back to 1H 2nd: pulled back to 5m
It's promising.... or just hopium?
Trade active
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Expecting more uptrend from here, but safety first, so minimalize risk.
New stop of my LONG: $10.048
(ENTRY of my LONG was 10k yesterday, Initial STOP of my LONG was $9.850, margin x3)
If we breaking out: it's good.
If we are falling down: closing this long in small profit, and my bit of SHORT since 12k still open to hedging this LONG.
So good profit anyways.
To catching my hedging strategies and trading techniques, feel free to follow me on tradingview.
Comment
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I don't know guys, how you feel, but it seems a giant bull flag to me.... I expecting a bullrun during this weekend at least 10.5k
Maybe I'm wrong, this is just my view.
Comment
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Updated the trailing stop limit. Fixing profit at least 7% with this move.
Trade closed: stop reached
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Trailing stop reached. 5.5% profit, instead of 7%, but far enought for now. I can still re-open long later.