This is what I'm looking at in terms of profit targets and risk for my newly added position. I changed my stance from bearish to bullish and can't wait to see how this one unfolds. Using some hefty profits I gathered on the run down (sold @9000 cashed at 7200) to beef up my account. As they say, I'm using market's money to make more risk multiples.
Price is ranging Next step: determine random walk inside range As a general rule range plays favor buying low and selling high . Bulls failed attempt to climb to the top of the range will dent morale. Strong resistance upper-way. Retest of bottom congestion in the range 70%+ plausible.
Hi Traders, I published an update regarding my Bitmex position. You can read the full post in the link below: steemit.com Cheers, Gnaughty aka Bunker-Tanks