Trader_AlexK

BTC trading set up for long

Long
BITMEX:XBTUSD.P   Bitcoin

Bitcoin had a strong fall, but it can be seen as converging.
according to the convergence pattern There are two different buying strategies.

1strategy
Anticipating a double bottom pattern and receive a purchase from Converging bottom
entry price 6020~6050
stop loss 5980

2strategy
It is to get a purchase from the Pull Back position after passing through convergence.
entry price 6250~6270
stop loss 6200

I think we should be trading conservatively
Because the direction of the large convergence is determined Soon.
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