hubavka
Short

XBTUSD continuation triangle pattern

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Short the break of the triangle (around $11200)
Target: $9,550
Stop: $11,800

Good Luck!!!
Comment: Updated triangle. Trade hasn't triggered yet.
Comment: Trade triggered at $11,300
Comment: Trade was stopped out. If you moved your stop to BE good, if not -$500
Tip Jar
BTC: 3NXZs2R6QxMVKJqJCo6wbgs5EZfEirJt3w
LTC: MRcQ6Kxg634qEyq8LewJALUgzdm7DJc8Kr

BitMEX: https://goo.gl/mSpIAc
ALT coin exchange: https://www.binance.com/?ref=16559222
Decentralized ALT coin exchange: https://www.altcoin.io/?kid=KAVYG
ABC can form the Head, the previous spike can be LS and the current one RS. If it is more of Head and shoulders breakdown, what do you think the target price for the short will be?
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hubavka VarunAgarwal
@VarunAgarwal, It's $9,500
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@hubavka, hmm double bottom makes that 9k resistance weaker though. Hey so how do you fix your position sizes?
Say you had 1 btc and were on cross with the SL at 11.8k , what kind of a position would you go for? Cause there are all kinds of 'tards who go 20x on trollbox. Just curious how other people position size themselves.
Reply
hubavka VarunAgarwal
@VarunAgarwal, I don't use leverage. I use cross and stops.
Reply
@hubavka, Ya I use cross as well. Using isolated is weird, can get shaken out. I meant if you had 1 btc and were cross, with a potential loss of 2.5% (11.3 entry to 11.8 stop), how much would you put on this trade?
Reply
hubavka VarunAgarwal
@VarunAgarwal, 25,000 contracts
Reply
@hubavka, hmm so then you would be willing to lose 5% of your total if this went wrong. Interesting. Looks like we retesting the triangle again. This part always makes me nervous af.
Reply
VarunAgarwal VarunAgarwal
@VarunAgarwal, Though we 2 candles away from a TD 9, this trade might go very slow. The wait is horrible :D
Reply
hubavka VarunAgarwal
@VarunAgarwal, TD9 on lower time frames is not very indicative of a reversal
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