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Makrela_Trading
Oct 11, 2018 8:06 AM

BTC Post-dump Retrace  Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

We had a huge dump yesterday on BTC, on Bitmex it dropped to 6005
If You had some open long positions around 6010 or played short yesterday - lucky for You :)
The trend line did however hold and the price went back above it - this is a good sign.
After such a big dump a retrace is very likely, BTC might go up to 6390 and that is my target.

Buy Long now ~6190-6210
TP - 6390
SL - 6137
P/L - 3.0

Trade closed: stop reached

Stop reached
Comments
mohitsatija
nice analysis
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