Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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Hello All,
I woke up this morning,grabbed some coffee and opened the charts (a blessed life indeed) and this fractal was the first thing that jumped out at me. If you don't make it to the bottom I will tell you now I am actually short from 7190 but if this idea begins to play out I will gladly flip long. I used to use patterns like this all the time to trade but more recently I have started focusing my attention on trading ranges and learning price action however this is an idea I would like to follow so i figured I would share it with you all here. I hope this message finds you all healthy and well.
Darth, (formerly known as red-boar).
current positions- short 7k contracts from 7190
Plan- cut the short if a 4 hour over 7200 is closed and then begin to hunt longs.
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Why dont I actually just trade my own charts lol?
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I am going to consider this one my first win in a long time.If i had listened I would have made alot of money...instead I went against my own advice and got rekt shorting ETH....do not be like me....don't over leverage and trade with the trend. I have been trying to fade for over a year now and always get rekt...when i was a young noob i just traded trend and got rich....lol