BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Well, things look pretty bullish:

  • We broke the inverse H&S line
  • We broke the steepest downtrend line
  • We broke daily 200EMA
  • Daily MACD crossed up (a few days ago)
  • Daily MACD has formed a long term bullish divergence since December
  • RSI broke up (a few days ago)

I'm long.

  • Entry: 8800
  • Target 12400 (1D cloud, low volume node, horizontal resistance / previous break down point)
  • Original stop was 8300 for a 7:1 risk/reward ratio. Now moved up to BE.
Comment: Target updated to 12150 after further consideration.
Comment: Trade still active. Waiting patiently for target.
Trade closed: stop reached: Stopped out of my long for a good profit, but licking my wounds a bit from not having taking some profit in the 11000s.
Nice work, I disagree about your long target tho. Based on resistance / volume profile If we break 12k, we should go straight to 14K.
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