Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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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
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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 .
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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 .
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Target 1 has reached . Next target is 4100-4200
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Reminder : Don't forget to set trailing stop from 3900 onwards for target 2
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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 .