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:

Have any questions? Leave a comment down below.

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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?
good call
+1 Reply
Tradecipher Justheretohelp
@Justheretohelp, thanks! check us out on substack for free
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