Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Here is a quick chart for you guys, my beloved readers... I appreciate your support.
We are doing 8X on Bitcoin (XBTUSD) and we are aiming for $11,300 or higher.
Our last trade idea played out and we hit higher than our first target which was sitting at $10,650, Bitcoin went up all the way to $10,800 on BitMEX...
Looking at the action Bitcoin is having now, I believe it can go higher.
All the details are shared on the chart.
If you would like to see the full trade details for our BitMEX trade, make sure to hit like. If we get 222 likes, we will share our buy-in, targets, stop-loss, profits potential, leverage, and capital allocation.
This is not financial advice.
Thanks a lot for reading.
Namaste.
Previous analysis:
Trade closed: stop reached
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The blue line you see on the chart is our stop-loss.
We closed below $9800 so our stop-loss is activated.
good idea.
I have different opinion.
lets see where it will go
this is my chart
AlanSantana
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@CryptoBullet, Thanks for sharing. I will post an update soon. We will see how it goes.
CryptoBullet
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@alanmasters, ok. Great. See you soon:)
Trading_guru95
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@CryptoBullet, i made my own thourough analisis which turned out to be fantastic
WorldEconomics
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MACD is already flattening out, maybe heading towards a sell off rather than spike. Bitcoin has played too long in this $10,000-10,900 level with three failed attempts at a break out.
WorldEconomics
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@BankofEngland, Yeap. Called it, broke $10,000 easily and will continue downward until critical support before heading back up.
mr.bergan
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@alanmasters Hi, what's next stop for BTC now? Will the magic number 10K and the ascending bottom trendline hold?
All the best :)
ashv
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@MR.bergan, There's is no way to tell till it either does or doesn't hold.
I have different opinion.
lets see where it will go
this is my chart