AlphaMex

Why Am I so bullish?

Long
AlphaMex Updated   
BITMEX:XBTUSD.P   Bitcoin
Next week President Trump will meet President Xi on G20 summit.

The problem is that anyone who really understand China's president Xi will know that he had never and will not accept any threats from the other people. And somehow the United States' president Trump loves threating people and push them to their limit. Well, if the trade deal fails next week, the real trade war will begin. And both CNY and USD will be sold by the panic investors, only gold and BTC will fly. This is the fundamental sentiment that will support BTC's rally.

And somehow BTC formed a huge bullish pattern - Cup and handle.

Both fundamental and technical meet the same direction -> Up

This time, I think we will truly go to the moon.
Trade closed manually:
Shorted because of the G20 meeting will be resumed, lol
Trade active:
Longed again....The Chinese media says China will not accept Trump's deal if he keeps threating China....
Comment:
I don't trade this thing purely based on news....
prntscr.com/o4erxe
Statistics is my friend.

Achieve every thing but stay discipline
从心所欲不逾矩.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.