weslad
Long

XBTUSD Trading Idea and Potential Opportunities

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Its been a slow week where XBTUSD or BTCUSD hardly move, but few days ago we witness breakout in symmetrical triangle pattern but it could be fakeout or real breakout.

Also, we has formation of Ascending triangle which still in play with possible upside breakout, moreover, we has another pattern forming inside of the triangle which is Bullish Pole and Flag and this pointing to possible upside move with its target stated on the chart.

We look to add to our position whenever price get to the accumulation zone.
The whole setup will be invalid for BULL if price closes below 6000$.

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Thanks.

Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.



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Guess I was right :)

Reply
Do you think will go to 7200 again?
Reply
weslad Mazin_kamil
@Mazin_kamil, yes the view still remain valid
Reply
weslad majorlee
@majorlee, thanks for sharing
Reply
weslad CryptoFido
@CryptoFido, thanks for sharing
Reply
CryptoFido CryptoFido
@CryptoFido,

I guess my Target did hit spot on.. said 6.1k coming
Reply
So, where are you adding more? Which level do you suggest?
Reply
weslad ovidus
@ovidus, The best will be to wait for the accumulation zone before adding more longs around 6275$ - 6375$
Reply
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