Bitcoin (XBTUSD) Long Setup (57.5% ROE Possible on 5X Lev.)
Let's take a look at the chart below and see if you are interested in a low-risk trade with great potential and a tight stop-loss...
Bitcoin ( XBTUSD ) tried to break above EMA100 on the 4H time frame multiple times before succeeding. I would like to take a closer look at this...
Please allow me to entertain you for a few minutes:
- First we see over 12 failed attempts to break above EMA100, which is the blue line. But XBTUSD would always produce a higher low on the retrace after each attempt.
- It finally broke above EMA100 and remained above it. There was an attempt to push the price down unsuccessfully and XBTUSD moved to close above $8075 with good strength and . With this move, we can expect additional action.
- Both the and are on the zone which gives further strength to this setup.
- If XBTUSD can remain trading above EMA100, it is very like that it will go higher and reach $8750 or up to $9000+... Certain conditions must be met so it can move back down.
I am looking at a low-risk but highly profitable trade setup here if you trade on BitMEX... Up to 57.5% ROE for profits potential in a short amount of time...
All the details are on the chart.
Would you like to see this trade?
If we get 150 likes we will share the full trade details (buy-in, targets, stop-loss, lev, and additional details).
We had a recent trade for Litecoin (LTCM19) with amazing results. We also did good with Tron (TRXM19), Ripple (XRPM19) and basically all of our latest BitMEX trades.
You can find the last one here:
Thanks a lot for reading.
THIS IS NOT FINANCIAL ADVICE.
LEVERAGE TRADING IS ULTRA HIGH RISK AND INTENDED FOR EXPERIENCED/ADVANCED TRADERS ONLY.
This is not for beginners, beginners should trade altcoins in any of the major exchanges and skip BitMEX all together.
NAV Coin (NAVBTC)
12H Resistance levels:
ENJOY THE PROFITS!