BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Think like a whale - trade like a whale.
After dropping to 3.5k $ we had a little retrace up to $4400.
A double bottom has been formed and You what that means?
A lot of traders put their SL on that $3.5k
Now what do You do to take their money? Dump it!
I presume there will be an attempt to reach w newer low to get those SL's.
It might not happen today or tommorow, but it will in the next month - You never know.

Buy short, on M15 there is a beautiful H&S pattern.
I marked some P/L for taking profits.
Everything is on the chart, happy trading!
Nov 30
Comment: First TP level reached
Nov 30
Trade active: Second TP level reached
Dec 01
Trade closed: target reached: TP1 and TP2 reached.
Amended SL to 4020 reached, we have a small pullback for now but I'm still bearish.
Overall gain from this trade with x50 leverage:
TP1 - 180% profit
TP2 - 256% profit

Comments

TP1 Reached
Reply
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