With the 5HR (High Reversal) Bar this might be a good shorting opp - given it's counter trend right now the risk is set low until more conformations.
The short setup is based on a simple strategy, so this might not work out but it will be a good "hedge" for me personally based on the daily TF as first warning sign since a long long time on BTC.
Weekly also a "freecandle" so higher odds on this one. ->
refers to something if a candle is opening outside of the bband and has a high chance of reversal back to the mean if the following candle closes inside the band again (clearly the closing inside part is missing and this could continue being outside due to a strong trend).
Also sunday 22:00 UTC wallstreet futures for BTC start to trade. DUMP IT ON THESE FUCKERS! - IB allows them only to go long with 50% Initial Margin.
Let's see how it will play out.
The short setup is based on a simple strategy, so this might not work out but it will be a good "hedge" for me personally based on the daily TF as first warning sign since a long long time on BTC.
Weekly also a "freecandle" so higher odds on this one. ->
Also sunday 22:00 UTC wallstreet futures for BTC start to trade. DUMP IT ON THESE FUCKERS! - IB allows them only to go long with 50% Initial Margin.
Let's see how it will play out.
Note
Note
shorting current qtrly contract is better suited than spot due to a nice premium:red = okex 3m
green = bitmex 3m
white = bitmex perps
6days until new 3m contract btw!
Trade active
taking partial profit here due to dynamic demand level here (support)Trade active
the long with the good entry still active and holding but with current long we are offsetting some of that exposure and see how this will play out.
Remember 22:00 UTC futures are coming live -> stay as flat as possible due to crazy reactions
Note
Trade closed manually
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.