Bitcoin (XBTUSD) Full Short Trade | 70% on 8X Lev | @alanmasters

I am sharing my full trade for Bitcoin (XBTUSD) as promised... but first, let's take a look at the chart:

• We can see strong resistance being faced by Bitcoin marked by the EMA lines. We can see that EMA10, EMA200, and EMA300 are all sitting between $10,300 - $10,316 (strong resistance). EMA50 and EMA100 are now at $10,279 and $10,271 respectively... If Bitcoin closes below these levels, we can expect further down. If it can move back up with strength and volume, then we can consider a move up. The green and red trendlines needs to be broken for further upside.
  
• MACD and RSI are trending down.
  
• Please remember that leveraged trading (BitMEX / PrimeXBT / BitFinex / Bybit) is high-risk and for advanced/experienced traders only.
  
• This is not financial advice.
  

Below you can find the full trade...
We already hit our first target on the 10th Sept., but if the setup plays out it will hit again... Feel free to leave a comment if you have any questions.

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Trade: SHORT XBTUSD (Bitcoin)

Leverage: 8X

Buy-in: $10,333 - $10,150

Targets:

(1) $9,900
(2) $9,750
(3) $9,600
(4) $9,420

Stop-loss: Close daily (1D) above $10,500

Liq. price: $11,855
(Buy-in calculated at $10,250)

Potential profits: 70.48% ROE

Capital allocation: 6%.

Date: 9-Sept-2019 | 5:11 AM UTC-4
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Thanks a lot for the support.

Make sure to hit like, follow and comment for more profitable trade ideas.

Namaste.

Comment:

Take a look at our trade for EOSU19, this one is at 120%+ ROE...
Let me know what you think in the comments...

Comment:

Comment:

Market Cap BTC Dominance (BTC.D) Shows Additional Weakness

Comment:

XBTUSD still moving inbetween resistance and support:

MACD Bearish cross:

Trade active

Trade closed manually:

We will put our focus on the altcoins.

Trade closed.

Namaste.

Comment:

Still moved lower and hit our targets...

Targets:

(1) $9,900 -Reached 10-Sept. (+28.24%)
(2) $9,750 -Reached 19-Sept. (+41.02%)
(3) $9,600 -Reached 19-Sept. (+54.16%)
(4) $9,420 -

Thanks a lot for the support.

Trade closed: target reached:

Targets:

(1) $9,900 -Reached 10-Sept. (+28.24%)
(2) $9,750 -Reached 19-Sept. (+41.02%)
(3) $9,600 -Reached 19-Sept. (+54.16%)
(4) $9,420 -Reached 24-Sept. (+70.48%)