BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Bitfinex Premium makes me wanna reduce risk.
This is how I'll do it.
Comment: Totally forgot to update for the people that don't watch my Stream

Didn't take it due to the daily close not agreeing with the setup.
I'll try to short above the highs if anything at this point.

Comments

@cryptodonalt Buddy cool strategy. I think everything will work out. I will follow you, interesting how it will end
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Primo wave analysis right here
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Still don't understand your plan tbh.
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cmcbtc CryptoTraderXL
@CryptoTraderXL, plan is he's shorting XBT at 5422. SL 5643
+1 Reply
cmcbtc cmcbtc
@CryptoTraderXL It's also implied that he's still long overall and this just a hedge to manage his spot exposure.
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@cmcbtc, Thank you for your guidance. The one who guides will be guided, remember that! :-)
5400 area is indeed a strong resistance level. Volume is just so so at this moment and a bearish divergence on the 1h chart. But still to me it is too risky to short BTC at this moment.

+1 Reply
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