MotGeneral

Deep Analysis: Bitcoin Prospects For 2019 And Beyond

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Maybe I lost my mind with the corn , but what I see are :

- Alts want to pump, $LTC going to lead the show, which takes $BTC to the maximum at $3500.
- $BCHSV pumped hard last a few days which means they don't want to pump the corn .
- Many expect $BTC either to reach closed to $5000 or re-test the $6000.
- The 200 EMA near to the $3500 area, and we already tests it twice.
- The 300 EMA near to $2500 area (the panic going to dive the price to $2000s then close above the 300 EMA ).
- Many groups leaders will not expect this move to happen lol.
Comment: which takes $BTC to the maximum at $4500."
Trade active: any entry now is good we are above the support.
Comment: Guys any leverage more the x3 is considering as a high leverage which is not recommended.
Lol, 3x isn't high. I wouldn't even waste my time with a trade that I was so unconfident that I though 3x leverage was high.
Reply
@Oatrick, Yes it's any leverage above x3 is high, I don't know how many BTC do you own, Yet you should not trade with less than $5.0K that you can build a good position minimizing the risk, If you are gampling this is a different thing, Thanks.
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Oatrick MotGeneral
@MotGeneral, its only gambling if you are randomly placing buys without stops. I would consider 10x high in most circumstances and only ever use more than that at inflection points. 10x isn't gambling if you have a plan and stick to your own strict set of rules.
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Oatrick Oatrick
@MotGeneral, I this particular circumstance I consider BTC to be in a no-trade zone.
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Nice analyze
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@Allec, Thanks :)
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