BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Aslong as BTC is above its daily 50ema I remain on the the bullish side. A break below the 50ema on the daily chart could lead to an end in this bullish trend .

Therefore, purely in a risk to reward basis, I like the following;

Long BTC at 10-11k (closer to the 50ema the better)
Stop Loss below the 50ema (circa 9.5k)
Target 1 - 13k
Target 2 - 14k
Target 3 - 15k

A break below the 50ema on the daily would likely lead to a gap fill of (circa) 8k level.


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