Out of the bearish channel but are we out of the woods yet?

Jul 5, 2018

Currently I am still long from 5860 on september futures. I have shorted from 6700 perpetual. We are out of the bearish channel but over a big time-scale I see it as sideways. No 1000$ moves have happened. Yes, I believe that we are on our way up but this is bitcoin and it could 180 on us anytime. Be careful, trade within your limits and always set stop losses. Adding to a losing entry is usually like flushing money down the toilet. Happy trading :)