BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Hi Guys

XBT Short term shows a mini SYMMETRICAL TRIANGLE which can break in either way.

The plan is to short the top of the triangle with tight stop loss, and wait to buy it back at the other side of the triangle.

The range of price as of today ranges between 6500$-6200$

If you intend to sell the stop loss must be very tight as the price can breakup from the current price.

Our overall take is UP.(6800-6900)

But we think best entry will be in the zone of (6170$-6200$)

Our Immediate target still remain 6800$-6900$.

Possible Entry is clearly stated on the chart.

BLUE: POSSIBLE ENTRY ZONE
GREEN: SELL TARGETS

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Thanks.
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Sep 20
Trade active
Sep 20
Trade active: The price bounced off the support level at 6323$ area.

Sep 20
Sep 20
Trade active:
Sep 21
Trade closed: target reached: 6625$ achieved
Sep 21
Trade closed: target reached: Second target achieved
Sep 21
Trade active:
Sep 26
Trade active: #XBTUSD


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Sep 30
Trade active
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Guess I was right :)

Reply
Why did you ignore the wick of 19th of September?
Cordially
Reply
weslad JJFF21
@JJFF21, not part of the move, price didnt close below it
Reply
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