BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Trade: XBT LONG

Leverage: 10X

Buy In: Up to $3430

Time Frame: 4H

Targets:

(1) $3525
(2) $3620
(3) Hold.
(4) Hold.

Stop loss: Close 4H candle below $3340

Profit Potential: 100%+ ROE

Capital Allocation: <3%.
---

Our trade as promised with 100%+ Potential ROE.

Enjoy the trade.

Namaste.

Comment: Previous analysis:

Bitcoin's Final Crash or Ultra Moon Pump Ahead?


Ahead of this trade:
Comment: Note: Remember that these are short term, fast and very high-risk trades.

For lower-risk check the altcoins trades.

BitMEX trades are high risk by default to the high leverage.

Namaste.
Comment: Get ready for action!
Comment: One of the strangest patterns I've seen in a while... Something is coming big coming...

Trade active
Comment: This type of drop is normal and expected. Check the main chart above.

Patience is key.

Namaste.
Comment: Update:
Trade closed manually: Trade closed manually. Will revisit after 6-Feb.
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Bitcoin future price ranges would be :

* Attempt to breach 3580 and reach again 3650 in order to make again previous high.

*Retrace from 3650 to 3560 (aprox.) in order to " confirm" new support on 3580 as "piercing it"

*Uptrend towards 3730

*Confirming 3650

*Attempt to 3850-3900

*Confirmation of 3800

*Attempt to breach 4000 and probably succeeding in it while making new high in form 4250

*Correction back to 4000 to confirm new support level

*Attempt to reach 4400-4450 as rebouncing from 4000 (pierced) as acting as support

*FAIL OF BTC towards previous low (AT LEAST).
Reply
Alan! You're being too persistently bullish, this trade is gonna fail just like the previous one. There's no bull volume and you know it. It's gonna fall down to 3150/3300 soon. Thanks for your updates though, you're a good TA, just a bit too bullish.
+2 Reply
@m.sarvi, Thanks a lot for the honest and straight forward comment. But at this point, it can go down just as it can go up... But the signals are more bullish than bearish short term.

Volume always lacks before a breakout to either side. That's my experience of it not only to the downside.

Yes, last BTC trade failed but because the stop loss was too tight, we are still looking at higher lows and recently a higher high (short term). I am trading based on these signals.

+1 Reply
@m.sarvi, I am not saying that the trade can't go wrong, it can for sure... But these signals are there.

If you were looking at lower highs consistently, you would be pointing down. And in my last comment update you can see the higher lows.
+1 Reply
What quality posts???? He is posting bull charts all fucking 2018
Reply
@zoran83ns, Is there something ailing you brother? You seem hurt.

Take it easy, life is LONG and beautiful.

Namaste.
Reply
Lmfao @ this clown
+2 Reply
@zoran83ns, Thanks for your comment.

You are still laughing?
Reply
Always providing quality posts, appreciate this.
+1 Reply
alanmasters TradeIndicators
@TradeIndicators, Thanks a lot for the support.
Reply
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