Nevermorejk

BTC Mechanical System

Long
Nevermorejk Updated   
BITMEX:XBTUSD.P   Bitcoin
System has flipped long on all time frames. First time this has happened since the bottom, so I am in the market with cash and a cross leverage long for the value of my trading account.

Trend is still obviously bearish, so I am looking for a reversal here and breakout above local daily resistances.

Yearly close/open (purple)

Weekly resistance (orange)

Weekly support (Green)

Daily resistance (Grey)

The 12hr chart was the last and more recent to flip long. I am watching lower TF (3hr and 6hr) for reversal calls, Will open hedge shorts at those calls on higher leverage.

This is a continuation thread. Link to original post:
Comment:
Comment:
Stop currently at previous daily candle low

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