I'm pursuing this trade on Bitmex and Bitfinex as follows
5x Leverage LONG as mentioned with BTCUSD Contract on Bitfinex
5x Leverage SHORT as mentioned with XBTUSD Contract on Bitmex
I'll be leaving 25% of the position open if/once all TPs get filled.
Chart is self-explanatory, I think.
Greens - Targets
Blue - Buy Zone
Red - Stop Loss
Will bitcoin futures break out or have we hit the top of the triangle? There is alot of confusion and debate about if BTC swap has actually broken out of its long term descending triangle/wedge...I think looking at the futures triangle could give us some perspective and insight into what is going on with spot.
Red Boar
