BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
During the previous session, the Bitcoin unscrewed and received a support level of around $6210 on Bitmex. XBT then bounced back and now evolves in an upward bevel configuration.
As you know, this downward trend pattern often has a downward exit as well. In addition, this level also corresponds to a horizontal support at $6260.
The strategy is to go short if these 2 levels are broken to aim for a return to $6210 and $6140 afterwards.

Summary of the strategy:

Short: Confirmed wedge and support breakage at $6260. One candle below the support in 30 min time horizon can count as confirmation !
T1 : $6210
T2 : $6140
Stop: $6287 after the break

Make sure to raise your stop-loss above your purchase price if the price approaches T1, to eliminate the risk of trading.

More Strategy like this ? Visit: http://www.crypto-addicts.com

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out