Bitmex Long trade plan ( with order placing steps )

Hey all ,

I understand a lot of you struggle on Bitmex because of lack of money management and complexities in placing orders.
Bitmex = money management + technical analysis .
Bitmex is the best platform in the crypto market because it has got abilities to place take profit , trigger and stop loss all at one go but you should know how to use it .
So set and forget without watching screens all day - ( its a disease known as "tickeritis")

If you are not on bitmex then register as below

www.bitmex.com/register/A0dgYe

Technical analysis of the chart
On the daily

- Line -Support on daily at 3575
-Retracement - 62 % retracement from the peak after the V reversal on the daily
- Market looks to be consolidating , lower highs but lows are not going down
- Pattern -Pattern is a descending wedge pattern which is bullish
- Volume - CMF is positive
- Momentum - MACD approaching towards a golden cross

On the Hourly
- Volume - CMF is positive
- Momentum-MACD approaching towards a golden cross
- Pattern - Triangle .candles approaching for a break out

Swing trading plan

Trigger -3808-40=3768( place STOP MARKET, uncheck REDUCE ONLY)

Stop loss - 3710( place STOP MARKET , check REDUCE ONLY)

TP - 3900( place TAKE PROFIT MARKET ,check REDUCE ONLY)

Position size for 2 % loss ( never risk more than that )
-select CROSS on leverage
-position size =1. 3 times of your total portfolio ( put USD till u get value in BTC 1.3 times of your potfolio)


Website - www.cryptoanteg.com , buy a stuff if you like from here to say thank you . Follow me for more BITMEX trades.

Trade active:

Trade has hit the trigger and swung back up from there .

Trade active:

Trade is working as planned . Increase the stop loss to 3768 , our trigger amount .
At 3900 - Sell only 50 % of the position , let the other 50 % run .