Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Hi traders,
I just opened the charts and I saw Bitcoin making a bounce from both the 1H Support Area and the 1H Trendline. I opened a long position and will keep riding the uptrend line until my next Area of Interest around 10800, unless I get signals the Trend is about to reverse. In that case I will update this post.
Any comments and advice always welcome!
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!
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Trade active
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Just a quick update to say that our trade is still open. I marked the (in my opinion) next 4H Resistance line where I will keep an eye on, alone with the Trend Line of course.
Trade closed manually
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Closed my trade and took my profit on the break of the Trend line. I expect this to be a small retracement, so I'm keeping my eyes open for another long entry. Stay tuned.