Time for short term BTC / XBT (Bitcoin) reversal to 200 MA(4hr)
Updated
We already have trended down significantly for a couple of days now.
Price getting reverted to 200 MA on '4hr' time frame is likely before going down again to test 200 'weekly' MA.
Long entry on Bitmex (XBTUSD) : 3270-3380
Target 1 : 3700-3800
Target 2 :4100-4200
Target 3 optional : 200 MA on 4 hr timeframe
Price getting reverted to 200 MA on '4hr' time frame is likely before going down again to test 200 'weekly' MA.
Long entry on Bitmex (XBTUSD) : 3270-3380
Target 1 : 3700-3800
Target 2 :4100-4200
Target 3 optional : 200 MA on 4 hr timeframe
Trade active
Trade active
Target 1 is still on .Target 2 needs to be lowered now seeing this high price volatility lately .
I will be updating target 2 soon .
Trade active
After hitting 1st target(soon) I'll be playing manual trailing stop from 3900 onwards this coming euphoria can actually take the price to 4500+ . Although 4200 is my 2nd target . 3rd and final target will be 4500+ (max 4900) which will be a ride relying on manual trailing stop .Trade active
Target 1 has reached . Next target is 4100-4200Trade active
Reminder : Don't forget to set trailing stop from 3900 onwards for target 2Trade active
2nd Traget hit as well , Took out 70% of the position . still riding it with remaining 30% using trailing stop loss. Lets see where it takes us .Trade closed: target reached
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