BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Bitcoin price has increased to just $80 below our $10,600 target. We are no longer selling at $10,600 as there is renewed positive price momentum.

Current Price: $10,447.00

Price is to increase to one of two zones then reverse trend:

Price will increase to $10,800 - $10,950.

Price will increase to $11,200 - $11,350.

To play this trade safe, we will exit half of the remaining position (1/3 original) at $10,800 and start preparing for a short opportunity on spikes beyond $11,000. Our final 1/3 position will then be closed at any price over $11,000 that we can get. This approach will be updated accordingly.

Remember, STOP MARKET is still at $9,925 and we are shorting below there.

Full trade available: http://bit.ly/Aug17BTCTrade

Have any questions? Leave a comment down below.

Would you like to make intelligent trading decisions & receive suggestions on when to buy, sell or hold crypto? Sign up below for your free 14 day trial!

Free 14-day trial: http://bit.ly/TradecipherTrial

Read our analysis: http://bit.ly/TradecipherAnalysis

Follow us on twitter: http://bit.ly/TradecipherTwitter

Follow our Tradingview account: https://www.tradingview.com/u/Tradeciphe...
Trade closed: target reached: price reversed off the top edge of our first target at $10,959.50. we are looking for short opportunities now

Related Ideas

think we will fill the 8500 gap?
Reply
good call
+1 Reply
Tradecipher Justheretohelp
@Justheretohelp, thanks! check us out on substack for free https://tradecipher.substack.com
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out