Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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BTC / USD TA
Sure we can start panic selling here and begin concluding that Bitcoin will automatically dump after this statement, but what if we just hedge our positions? Perhaps increase your risk on each of the positions due to possible flash dumps pumps but don't exit out completely.
Just think about it... Doesn't it look almost too easy? I think it's worth a second look...
Over last 18 month we have seen nothing but bullish statements from governments, investors and especially CNBC... What did it all result in? Downward movement with few flash dumps along the road. - Stay with me here - . Now that we have moved into somewhat of bullish trend, we are seeing similar statements come out and to add on top of that three more ETF's just got delayed on the same day. Too easy? Short it? Sure, but that's the conclusion 90% of Bitcoin traders just made as well together with you.
How do we avoid making a wrong trade in this particular case?
We hedge our long / short positions - we are basically betting in both sides, with similar risk of around 2.5% - 4% - give or take 2% but this gives us an opportunity to not miss out on a potential gold mine if this thing just breaks this medium term resistance or a major flash dump.
Choice is yours after all but don't be quick to follow the herd.
OMG Goldman?! It must be true then! Because, you know, they want the small investors to win! Because they aren't trying to take money away from the "dumb money"...!
We are working on Wave 4. If this level holds then we could say Wave 4 is complete and the Bulls are still in control. We may be going up to complete Wave 5 soon. Ifthis plays out as expected we should start climbing out from here.... If my count is correct we just completed Wave 4 and are starting Wave 5 UP! So long as the price of Wave 4 does not start making candle closed 4 hour or 1 day closes below the top of Wave 1 (Closing price) the Bulls are still in the game. I guess we will all find out soon enough....
nagihatoum
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it all depends on bogdanov.
TradeIndicators
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Nice analysis. We see downward movement as well but we're still up 2.43% on the short trade:
AvgJoe2019
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It broke out all right lol. When are people going to learn that big wire house recommendations are nothing more then a dump of their institutional inventory on to retail...lol...rekt...
AvgJoe2019
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I shorted that, the last thing you want is a buy Rec from the likes of GS, that is code for are institutions are selling their bags to retail, run as fast as you can get out and short this!
Make_Money_Guru_Bitcoin
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nice work...
BDG
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It seems like you're going to use reverse psychology on Goldman Sach's reverse psychology. ROFL
To simplify things. Wall Street bankers NEVER tell the truth in their public statements. I think it is either against the law or it would be an "ethics" violation if they told the truth.