Have been waiting for a long time for a signal here.
4 hour count back line now pierced
and second signal break of down trend
early to go all in but seems to be stirring
Obviously I took profit too early
Re- entered yesterday on runaway up trend and added to position today after breakout above consolidation
4 hour chart.
Bitmex futures position - 5 x leverage gives me 20% stop loss at 0.1173.
Leaving more wiggle room this time to not get shaken out and stay with this trade as long as possible - weeks or months
Will bitcoin cash...
bitmex futures XRP v BTC
"A rising tide lifts all boats" - an old stockbroking saying
rising crypto markets show this phenomenon too lately
I did read that in bear markets bitcoin and alts are more correlated than rising, elevated markets
And heightened enthusiasm usually sees alts outperform
Especially if BTC dominance continues to wane
Either way this trade...
Dead man walking - BTC is irreparably damaged
Disenfranchsied BTC investors and Joe public still smarting from the recent $20k rally -
What will bring in the next wave of punters? The next bitcoin, new and improved.
BCH has arrived. Maybe. Only time will tell.
Seems BCH and alts led the rally and now BTC is having a time to shine, one more time?
Needs to decouple...
Alts leading BTC? Are alts decoupling from BTC?
ETH breaking away from BTC then BTC also surging.
Have the tables turned?
0.06318 entry with stop at 0.0575
8 x leverage
Target unknown - use count back line analysis to ratchet up stop
