Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
⋅
Hi Traders,
On the short term, I see an Ascending Triangle (Bullish), so we might see a small breakout soon. This is why I'm Long on short term. I don't expect a huge move up (yet), so I will be happy with small profit. If you should follow my chart, don't forget your Stop Loss and take profit in time. On the longer term I still remain Bearish though, as shown in my previous post on the Daily Chart.
Don't use this as standalone strategy. Combine this with your favourite indicators to get confirmations.
This is not financial advice, but meant for educational purposes.
As always, Do Your Own Research!
If you you like posts, please give me a thumbs up or a follow. Thanks! Happy trading :-)
Comment
⋅
Not much has changed in the past 22 hours. We have small profit (as predicted) and my long is still open, as we went from an Ascending Triangle to Bullish (pretty much) Symmetric Triangle. Stop Loss is still tight and keeping a close look at what happens in this triangle.