BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Last night I opened a long position at 3666, because I believe in numbers (also per my TA). When I woke up, I chickened out....yes, unfortunately I do that (noob).
My careful analysis said, there was another opportunity to open long at 3674-3676.
From here, I expect a heavy resistance at around 3804, where we might retrace to 3688 (sometime between today and tomorrow morning), if you were late to this train...
If we retrace more, than 3688, I will give up on that 4650 thought.

Stay safe.
NOT a trading advice.
Dec 05
Comment: Recalculated some numbers. Possible retracement at 3838 to 3696...
Dec 05
Comment: It retraced more than I anticipated, yet not for long. We should be still on the way up.
Dec 06
Comment: Doesn't feel like long anymore.Too many bearish signs. I'll just observe for a bit.
Dec 06
Comment: Atm I believe the long is still possible here. We are still in the wedge. I'd wait for confirmations for either directions.
That could have been the last "red leg" in the wedge ...
Dec 06
Comment: Currently, I am still bullish. Still believe in 4.6-4.7.

I will look for entry when the dust settles. Right now I am closely watching 8hr chart to not get caught in small swirls back and forth. I don’t believe there will be 1 huge 1k candle, but important not to miss the clue for the upward movement when it happens.

Trade safe :)
Dec 06
Comment: Damn...few min after I posted this, the price is moving down...
bullish nnichos?
Reply
nnichos Conchobhair
@Conchobhair, yeah, for once lol (disclaimer: I am 75% of the time wrong:))
+1 Reply
@nnichos, lol me too. I guess being bullish is a good contrarian possibility as most people are bearish at the moment.
Reply
nnichos Conchobhair
@Conchobhair, yep, hopefully thats another confirmation for us to be on the right track.
+1 Reply
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